Integrated Regressors and Tests of the Permanent Income Hypothesis
收藏NBER1987-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2359
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资源简介：
We use recent research on estimation and testing in the presence of unit roots to argue that Hall's (1978) t and F tests of whether consumption is predicted by lagged income, or by lags of consumption beyond the first, are asymptotically valid. A Monte Carlo experiment suggests that the asymptotic t
提供机构：
美国国家经济研究局
创建时间：
1987-08-01
