Browsing The Economic and Social Review, Vol. 26, No. 3, April, 1995 by Subject "Permanent income hypothesis"
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Testing the permanent income hypothesis: the Irish evidence
(Economic & Social StudiesDublin, 1995)We investigate whether the permanent income hypothesis (PIH) is consistent with Irish data and find that it holds for about 50 per cent of consumers. We hypothesise that worsening borrowing conditions lead agents to consume ...