期刊論文
| 學年 | 90 |
|---|---|
| 學期 | 2 |
| 出版（發表）日期 | 2002-06-01 |
| 作品名稱 | A Joint Test of the Rational Expectations-Permanent Income Hypothesis under Seasonal Cointegration |
| 作品名稱（其他語言） | |
| 著者 | 黃台心; Huang, Tai-hsin |
| 單位 | 淡江大學經濟學系 |
| 出版者 | Blackwell |
| 著錄名稱、卷期、頁數 | Australian economic papers 41(2), pp.208-232 |
| 摘要 | This study re-evaluates the validity of the joint rational expectations-permanent income hypothesis under the framework of seasonal cointegration using seasonally unadjusted quarterly data from Austria, Canada and Taiwan. Evidence is found that the consumption change only depends on the innovations of the income and the unemployment rate changes, and that agents are rational in forming their expectations, i.e., the joint hypothesis is supported by the data used. However, with the same data set, a similar test based on non-seasonal cointegration tends to reject the joint hypothesis, since the test ignores completely the possible stochastic seasonalities that may contain important information, as has been pointed out by Wallis (1974), embodied in the data. |
| 關鍵字 | |
| 語言 | en |
| ISSN | 0004-900X |
| 期刊性質 | 國外 |
| 收錄於 | |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 否 |
| 國別 | AUS |
| 公開徵稿 | |
| 出版型式 | ,紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/24771 ) |