Non-linear adjustments on the excess sensitivity of consumption with liquidity constraints
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DOI: 10.1080/00036846.2016.1276279
Abstract: ABSTRACT This article investigates the role of domestic credit markets in explaining the excess sensitivity of private consumption to disposable income using heterogeneous panel data of 19 OECD countries over the last two decades. We… read more here.
Keywords: liquidity constraints; consumption; excess sensitivity; non linear ... See more keywords