Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10001442359
Persistent link: https://www.econbiz.de/10001370508
Persistent link: https://www.econbiz.de/10001676461
This paper proposes an asymmetric model within which consumer credit facilitates both consumption smoothing and rational habit modification. The model is applied to US data using a GMM approach. The evidence suggests that new credit can predict short-run changes in consumption and has assisted...
Persistent link: https://www.econbiz.de/10013155671