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Testing the permanent income hypothesis: the Irish evidence

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Figure

table reports the estimates of the Newey-West (1987) t-statistics in parentheses. The numbers in the "Test A" column report the p-value of a test of over-identifying restrictions when we estimate the model by GMM
Figure 2: Ac, = p0( + p a (Ay, - r ^ o , . , ) + p2,r„ + ut

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