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RDP 8808: Consumption and Permanent Income: The Australian Case
Equation
E
t
(
C
t
C
t
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1
1
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r
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1
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δ
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=
1
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeyramaaBa aaleaacaqG0baabeaakiaaykW7daqadaqaamaalaaabaGaae4qamaa BaaaleaacaqG0baabeaaaOqaaiaaboeadaWgaaWcbaGaaeiDaiabgU caRiaaigdaaeqaaaaakmaalaaabaGaaGymaiabgUcaRiaabkhadaWg aaWcbaGaaeiDaaqabaaakeaacaaIXaGaey4kaSIaeqiTdqgaaaGaay jkaiaawMcaaiabg2da9iaaigdaaaa@4964@