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 (nswanson@econ.rutgers.edu)

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
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:pensta:03-95-03

Access Statistics for this paper

More papers in Working Papers from Pennsylvania State - Department of Economics PENNSYLVANIA STATE UNIVERSITY, DEPARTMENT OF ECONOMICS, UNIVERSITY PARK PENNSYLVANIA 16802 U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel (krichel@openlib.org).