RDP 8808: Consumption and Permanent Income: The Australian Case Equation

Δ ε t = .0010 ( .0018 ) − 0.0767 ε t−1 ( .0593 ) − 0.1839 ( .1147 ) Δ ε t−1 − 0.0330 ( .1138 ) Δ ε t−2 − 0.08997 ( .1128 ) Δ ε t−3 + 0.1120 ( .1088 ) Δ ε t−4 MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaeq yTdu2aaSbaaSqaaiaabshaaeqaaOGaeyypa0ZaaCbeaeaacaGGUaGa aGimaiaaicdacaaIXaGaaGimaaWcbaWaaeWaaeaacaGGUaGaaGimai aaicdacaaIXaGaaGioaaGaayjkaiaawMcaaaqabaGccqGHsisldaWf qaqaaiaaicdacaGGUaGaaGimaiaaiEdacaaI2aGaaG4naiabew7aLn aaBaaaleaacaqG0bGaeyOeI0IaaGymaaqabaaabaWaaeWaaeaacaGG UaGaaGimaiaaiwdacaaI5aGaaG4maaGaayjkaiaawMcaaaqabaGccq GHsisldaWfqaqaaiaaicdacaGGUaGaaGymaiaaiIdacaaIZaGaaGyo aaWcbaWaaeWaaeaacaGGUaGaaGymaiaaigdacaaI0aGaaG4naaGaay jkaiaawMcaaaqabaGccqqHuoarcqaH1oqzdaWgaaWcbaGaaeiDaiab gkHiTiaaigdaaeqaaOGaeyOeI0YaaCbeaeaacaaIWaGaaiOlaiaaic dacaaIZaGaaG4maiaaicdaaSqaamaabmaabaGaaiOlaiaaigdacaaI XaGaaG4maiaaiIdaaiaawIcacaGLPaaaaeqaaOGaeuiLdqKaeqyTdu 2aaSbaaSqaaiaabshacqGHsislcaaIYaaabeaakiabgkHiTmaaxaba baGaaGimaiaac6cacaaIWaGaaGioaiaaiMdacaaI5aGaaG4naaWcba WaaeWaaeaacaGGUaGaaGymaiaaigdacaaIYaGaaGioaaGaayjkaiaa wMcaaaqabaGccqqHuoarcqaH1oqzdaWgaaWcbaGaaeiDaiabgkHiTi aaiodaaeqaaOGaey4kaSYaaCbeaeaacaaIWaGaaiOlaiaaigdacaaI XaGaaGOmaiaaicdaaSqaamaabmaabaGaaiOlaiaaigdacaaIWaGaaG ioaiaaiIdaaiaawIcacaGLPaaaaeqaaOGaeuiLdqKaeqyTdu2aaSba aSqaaiaabshacqGHsislcaaI0aaabeaaaaa@96B9@