effects of the credit intervention on seasonal price fluctuations in local grain markets, and show that these GE effects shape …Large and regular seasonal price fluctuations in local grain markets appear to offer African farmers substantial inter … low and buy high" rather than the reverse. In a field experiment in Kenya, we show that credit market imperfections limit …

This paper describes how imperfect information in both capital and labor markets can, in a context of maximizing firms …

Standard economic theory says that unsecured, high-interest, short-term debt -- such as borrowing via credit cards and … transitory income shock of unemployment. Instead, individuals smooth their credit card debt and overdrafts by adjusting … consumption. We first use detailed longitudinal information on debit and credit card transactions, account balances, and credit …

wealth. We use a two factor general equilibrium model and assume credit markets are absent. We explore the effects of trade …This paper looks at the effect of credit constraints on skill acquisition when agents have heterogeneous abilities and … that developed countries need to ensure access to education when liberalizing trade to ensure they reap the potential gains …

In this paper we investigate the macro-economic equilibria of an economy in which credit contracts have both adverse … selection and incentive effects. The terms of credit contracts include both an interest rate and a collateral requirement. We … credit is rationed …

reconsideration of models of price and quantity adjustment. We examine relationships between credit disturbances and real activity ….Second, extending earlier examinations of credit rationing as an outcome under imperfect information, we motivate this link by … considering the impact of deflation on credit availability. The addition of measures of credit rationing accompanying deflation …

due to credit rationing. In each model, there are two possible regimes, depending on whether credit is or is not rationed … there is not. In the first model, credit rationing reduces working capital. There is a failure of effective supply in that … credit-starved firms must reduce production below national supply. The resulting excess demand in the goods market may in …

trade credit. Credit rationing reverses predictions concerning effects of raw material import prices on pass-through to … ended up raising consumer prices by restricting access to credit of downstream traders …