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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
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
women) can help explain measurable outcomes such as marriage formation, intra-marriage distribution of consumption goods …
Persistent link: https://www.econbiz.de/10011572290
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
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
(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
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
There is a consensus among the majority of economists that the credit supply is limited by current household saving. If … governments or foreigners ran deficits, they would absorb this limited saving so that firms could not borrow any longer and had to … reduce their investment. This is the "Loanable Funds" theory. Ben Bernanke's "Global Saving Glut" thesis is based on this …
Persistent link: https://www.econbiz.de/10011300962
consumption and portfolio theory shows that the younger generations should have the higher equity exposure due to their human … capital. Stock market losses should be distributed smoothly over lifetime consumption by adjusting both current contributions …
Persistent link: https://www.econbiz.de/10011334341