Khan, Khalid; Yousaf, Hazrat; Abbas, Muhammed Ghazanfar; … - In: Asian Economic and Financial Review 2 (2012) 1, pp. 155-162
This paper is an attempt to test the Permanent Income Hypothesis (PIH), Myopia and Liquidity Constraints as a case study for Pakistan. The paper also attempts to find out valid reasoning incase the PIH is rejected. Hall’s random walk model (1978) and Campbell and Mankiw model (1990) are used...
