Showing 1 - 5 of 5
Since the onset of the financial crisis, income and consumption have fallen sharply in Ireland, particularly for young households. This paper shows that young households are more likely than older ones to be exposed to unemployment, arrears and negative equity. These may give rise to credit...
Persistent link: https://www.econbiz.de/10009745046
Since the onset of the financial crisis, consumption has fallen in many economies. This paper presents a small-scale DSGE model with occasionally binding credit constraints. Indebted households start facing credit constraints when the value of their main asset, which we assume to be housing,...
Persistent link: https://www.econbiz.de/10010199603
This research attempts to answer two particular questions: a) what factors drive SME credit constraints in the Irish economy and b) what is the impact of such constraints on the macro-economy, in particular on employment and investment. We find that constraints decrease with firm size while...
Persistent link: https://www.econbiz.de/10010199684
Persistent link: https://www.econbiz.de/10010504106
Persistent link: https://www.econbiz.de/10012056696