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How does access to credit impact consumption volatility? Theory and evidence from advanced economies suggests that … fraction of them are credit constrained. Unconstrained households can respond to shocks to trend growth by raising current … consumption volatility. Calibration of the model for pre and post financial reform in India provides support for the model's key …
Persistent link: https://www.econbiz.de/10014395178
How does access to credit impact consumption volatility? Theory and evidence from advanced economies suggests that … fraction of them are credit constrained. Unconstrained households can respond to shocks to trend growth by raising current … consumption volatility. Calibration of the model for pre and post financial reform in India provides support for the model's key …
Persistent link: https://www.econbiz.de/10010790416
The recent decline in gross domestic product (GDP) growth in India raised a debate about whether it is a trend or a …
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The recent decline in gross domestic product (GDP) growth in India raised a debate about whether it is a trend or a …
Persistent link: https://www.econbiz.de/10010463539
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