RDP 8808: Consumption and Permanent Income: The Australian Case Equation (9)

U( C t )=log C t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeyvaiaacI cacaqGdbWaaSbaaSqaaiaabshaaeqaaOGaaiykaiabg2da9iaacYga caGGVbGaai4zaiaaykW7caaMc8Uaae4qamaaBaaaleaacaqG0baabe aaaaa@42ED@