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Empirical research on the permanent income hypothesis (PIH) has found that consumption growth is excessively sensitive to predictable changes in income. This finding is interpreted as strong evidence against the PIH. We propose an explanation for apparent excess sensitivity that is based on a...
Persistent link: https://www.econbiz.de/10012471755
Empirical research on the permanent income hypothesis (PIH) has found that consumption growth is excessively sensitive to predictable changes in income. This finding is interpreted as strong evidence against the PIH. We propose an explanation for apparent excess sensitivity that is based on a...
Persistent link: https://www.econbiz.de/10014196816
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This paper aims to bring out the determinants of significant poverty alleviation observed in Cameroon between 1993 and … major economic policy implemented in Cameroon during this period. A double calibration technique within a micro …
Persistent link: https://www.econbiz.de/10012920277
This paper aims to bring out the determinants of significant poverty alleviation observed in Cameroon between 1993 and … major economic policy implemented in Cameroon during this period. A double calibration technique within a micro …
Persistent link: https://www.econbiz.de/10012708466