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Journal Article

Stochastic interest rates in the aggregate life cycle of permanent income cum rational expectations model


Abstract: An estimation of a life cycle cum rational expectations model that allows for uncertain future interest rates. The results show that the model is strongly rejected using post World War II U.S. data.

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File(s): File format is text/html http://www.clevelandfed.org/Research/Review/1985/85-q4-kowalewski.pdf

File(s): https://fraser.stlouisfed.org/scribd/?toc_id=230904&filepath=/docs/publications/frbclevreview/rev_frbclev_1985q4.pdf&start_page=4#scribd-open

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Review

Publication Date: 1985

Issue: Q IV

Pages: 2-19