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Swarnajayanti Gram Swarozgar Yojana (SGSY) is a government-sponsored microfinance program. The scheme is based on four features: group lending with joint liability, progressive lending, back-ended subsidy, and social capital. We propose a new model of SGSY having these features: group lending...
Persistent link: https://www.econbiz.de/10010489777
Poor people have, on average, a higher marginal propensity to consume. One (out of many) possible explanations for this is that poverty affects impatience. This would have important implications for monetary and fiscal policy. While some macroeconomists simply assume lower individual discount...
Persistent link: https://www.econbiz.de/10012206628
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013271201
women) can help explain measurable outcomes such as marriage formation, intra-marriage distribution of consumption goods …
Persistent link: https://www.econbiz.de/10011572290
Consumption is the largest component of GDP. Since the 1950s, the life cycle and the permanent income models have … constituted the main analytical tools to the study of consumption behaviour, both at the micro and at the aggregate level. Since … the literature to estimate preferences is the lack of a ‘consumption function’. A challenge for future research is to use …
Persistent link: https://www.econbiz.de/10014024234
The emphasis in post-Keynesian macroeconomics on wage- versus profit- led growth may not have been helpful. The profit share is not an exogenous variable, and the correlations between the pro.t share and economic growth can be positive for some exogenous shocks but negative for others. The...
Persistent link: https://www.econbiz.de/10011522218
This short essay surveys recent literature on the competitive saving motive and its broader economic implications. The … competitive saving motive is defined as saving to improve one's status relative to other competitors for dating and marriage …
Persistent link: https://www.econbiz.de/10011388451
affects the consumption loans more compared to the investment loans. Besides, increased consumption compared to saving has …This study aims to analyze the Keynes' investment and saving model in Indonesia from 1981 to 2018. The researchers use … demonstrates that there is no short-run causal relationship between these two variables. In the short-run, the increase in saving …
Persistent link: https://www.econbiz.de/10014466431
(temporal framing) regarding an imminent positive income shock affects consumption plans. The income shock derives from the … yearly and 10-yearly treatment groups. We will be able to analyze the real consumption behavior of households throughout 2021 …
Persistent link: https://www.econbiz.de/10012433916
the fundamental value of the house they own exceeds the present discounted value of their planned future consumption of … used in the paper, there is no pure wealth effect on consumption from a change in house prices if this represents a change … in their fundamental value. There is a pure wealth effect on consumption from a change in house prices if this reflects a …
Persistent link: https://www.econbiz.de/10003910124