5. An alternative form of the Campbell (1987) saving test. Show that eq. (43) in the text...

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5. An alternative form of the Campbell (1987) saving test. Show that eq. (43) in the text holds if and only if the variable CA+1 AZ+1(1+r)CA, is statistically uncorrelated with date r (or earlier) variables.

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Foundations Of International Macroeconomics

ISBN: 9780262150477

1st Edition

Authors: Maurice Obstfeld, Kenneth S. Rogoff

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Question Posted: Nov 08, 2024 02:00 AM

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5. An alternative form of the Campbell (1987) saving test. Show that eq. (43) in the text holds if and only if the variable CA+1 AZ+1(1+r)CA, is statistically uncorrelated with date r (or earlier)...
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5. An alternative form of the Campbell (1987) saving test. Show that eq. (43) in the text...

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Foundations Of International Macroeconomics

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