Trends, random walks, and tests of the permanent income hypothesis

Journal of Monetary Economics

Volumn 16, Issue 2, 1985, Pages 165-174

  Gregory Mankiw, N ^a   Shapiro, Matthew D ^b  

^a HARVARD UNIVERSITY   (United States)

^b YALE UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0000405635     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/0304-3932(85)90028-5     Document Type: Article

References (27)

1. Permanent income liquidity and expenditure on automobiles Evidence from panel data
2. Adjustment costs, durables, and aggregate consumption
3. Likelihood ratio statistics for autoregressive time series with a unit root
4. The adjustment of consumption to changing expectations about future income
5. NBER working paper no. 1341
6. Partial time regressions as compared with individual trends
7. Deep structural excavation?
8. The stochastic implications of the life cycle-permanent income hypothesis Theory and evidence
9. The role of consumption in economic fluctuations
10. The sensitivity of consumption to transitory income Estimates from panel data on households
11. NBER working paper no. 1305
12. NBER working paper no. 1247
13. The permanent income hypothesis and the real interest rate
14. Intertemporal substitution in macroeconomics
15. Permanent income in general equilibrium
16. Spurious periodicity in inappropriately detrended time series
17. Pitfalls in the use of time as an explanatory variable in regression
18. Trends and random walks in macroeconomic time series: Some evidence and implications
19. Money, income and sunspots: Measuring economic relationships and the effects of differencing
20. Rational expectations econometric exogeneity and consumption
21. The permanent income hypothesis and the real interest rate: Some evidence from panel data
22. Note on the correlation of first differences of averages in a random chain