Carvalho, Carlos; Pasca, Nilda; Souza, Laura; … - Inter-American Development Bank - 2015
quantify the macroeconomic effects of the credit deepening process observed in many Latin American (LA) countries in the last … constraint faced by (impatient) households as a function of future labor income. In the calibrated model, credit deepening … intense credit deepening processes in Latin America, it is argued that the quantitative effects for other LA economies are …