study the optimal choice of price index in markets with financial frictions. Financial frictions that limit credit …-constrained consumers' access to financial markets make demand insensitive to interest rate fluctuations. The demand of credit … consumers are credit-constrained …

hypotheses empirically. Our main findings are that: (i) better access to international credit for a recipient country reduces the …

entrepreneurship and credit constraints under labour market discrimination. We divide self employed into prefer to be self-employed and … similar in terms of risk taking preferences and network size. Want-to-be entrepreneurs however suffer from credit constraints … level of credit constraints may be worth 2% of GDP per year direct earnings increases …

provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this … framework, we show that possibility of an inverted U- shaped relationship between the credit supply and the size of the firm … to both frictions in the credit and labour markets …

In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its … Pissarides (1999) and Pissarides (2000) where we introduce credit constraints. We show these credit constraints not only increase … country panel dataset of 20 OECD countries. Our results suggest that credit market imperfections significantly increase the …

relieve credit and human capital constraints; a second treatment provided women with an unrestricted cash grant, but no … receiving large transfers – even in the absence of credit constraints, and when participants have no intention of remaining in …

single immigrants with accessibility to a perfect capital market to the case of credit-constrained immigrant families, it is …