Alho, Kari E. O. (contributor); Kaitila, Ville (contributor) - 2004 - [Elektronische Ressource]
countries by introducing a forward-
looking consumption function. This is important in the sense that a part of the consumers in …. This is important in the sense that consumers in the NMCs, or a part of them,
discount the future convergence path of real … in the
NMCs towards borrowing by the forward-looking consumers to smoothen the consumption
path and thereby run a …