Research Discussion Paper – RDP 8808 Consumption and Permanent Income: The Australian Case



This paper has benefitted substantially from discussions with Graham Elliott. We also thank Malcolm Edey, Luigi Ermini, Dirk Morris, Rob Trevor and participants at the Sydney Money/Macro Workshop and Reserve Bank Seminar for helpful comments and Paul Kitney for assistance. The views expressed are those of the authors and should not be interpreted as the views of the Reserve Bank of Australia. [*]