Carvalho, Carlos; Pasca, Nilda; Souza, Laura; … - 2014
macroeconomic effects of the credit deepening process observed in many Latin American (LA) countries in the last decade - most … faced by (impatient) households as a function of future labor income. In the calibrated model, credit deepening generates … credit deepening processes in Latin America, we argue that the quantitative effects for other LA economies are unlikely to be …