Dejuan, Joseph P.; Seater, John J.; Wirjanto, Tony S. - In: Oxford Bulletin of Economics and Statistics 72 (2010) 1, pp. 89-108
This paper utilizes relatively unexplored Canadian provincial-level data to investigate an old but still relevant question in macroeconomics as to whether consumption responds to income innovations in a manner consistent with the stochastic implications of the permanent income hypothesis (PIH)....