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RDP 8808: Consumption and Permanent Income: The Australian Case
Equation (8)
where
H
t
=
Σ
s
=
0
∞
R
t
+
s
E
t
(
Y
t
+
s
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeqabeGaaa qaaiaabEhacaqGObGaaeyzaiaabkhacaqGLbaabaGaaeisamaaBaaa leaacaqG0baabeaakiabg2da9maaqahabaGaaeOuamaaBaaaleaaca qG0bGaey4kaSIaae4CaaqabaGccaqGfbWaaSbaaSqaaiaabshaaeqa aOGaaiikaiaabMfadaWgaaWcbaGaaeiDaiabgUcaRiaabohaaeqaaO GaaiykaaWcbaGaae4Caiabg2da9iaaicdaaeaacqGHEisPa0Gaeyye Iuoaaaaaaa@4F1D@