Do Formulations of the Permanent Income Hypothesis with Constant Real Interest Rates and Subjective Tiome Preferences Rates Make Sense? An Example of Random Walk with Time Varying Drift

Norman Swanson ()

Working Papers from Pennsylvania State - Department of Economics

Keywords: INCOME; INTEREST RATE; ECONOMIC MODELS (search for similar items in EconPapers)
Pages: 9 pages
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:fth:pensta:03-95-03

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