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household debt has increased in the past five years. The empirical analysis presented in the paper is based on the Life Cycle … have a significant impact on household consumption, and that consumption is acutely sensitive to disposable income. Our … models further confirmed the acute effect real interest rates have on household consumption. We ultimately concluded that …
Persistent link: https://www.econbiz.de/10008549889
household survey, and find some evidence of non-poor households within the Grameen Bank of Nepal. …
Persistent link: https://www.econbiz.de/10005783540
A broad overview, from the Indian perspective, of the factors underlying the credit market crisis in the west, the implications of the crisis for the financial sector, lessons learnt from it, the various suggestions made at different fora for pre-empting the recurrence of such events, the Indian...
Persistent link: https://www.econbiz.de/10005487642
Given the assumption that the components of a vector time series are stationary about nonlinear deterministic time trends, nonlinear co-trending is the phenomenon that one or more linear combinations of the time series are stationary about a linear trend, hence the series have common nonlinear...
Persistent link: https://www.econbiz.de/10011091350
Persistent link: https://www.econbiz.de/10008610390
Persistent link: https://www.econbiz.de/10005013161
systems: the USA, the Netherlands and West Germany. Using longitudinal survey data, we examine the transitions of leaving home … separated from leaving home in the USA. We also find a different impact of level of education and employment status on leaving …
Persistent link: https://www.econbiz.de/10005163202
Measurement of productivity in the service sector has always represented a challenge for economists. "Productivity in the U.S. Services Sector: New Sources of Economic Growth", by Jack Triplett and Barry Bosworth from the Brookings Institution is reviewed. The authors have produced a textbook on...
Persistent link: https://www.econbiz.de/10005518956
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to staggered wage contracts with time discounting), the...
Persistent link: https://www.econbiz.de/10008520206
Persistent link: https://www.econbiz.de/10008520218