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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
The standard approach to modelling consumption/saving problems is to assume that the decisionmaker is solving a dynamic … stochastic optimization problem However under realistic descriptions of utility and uncertainty the optimal consumption/saving …
Persistent link: https://www.econbiz.de/10010293482
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/10012209553
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
The relationship between temporary terms of trade shocks and household saving in developing countries is examined. It … is first shown that, from a theoretical standpoint, this relationship is ambiguous: private saving may rise or fall in … private saving to transitory terms of trade shocks. …
Persistent link: https://www.econbiz.de/10005621914
what drives saving in Latin America. The studies cover Argentina, Chile, Colombia, Mexico, Peru, Uruguay, and Venezuela and … span a variety of topics ranging from assessing the impact of financial liberalization on saving to determining the role of … terms of trade shocks. Many of the studies also employ new data sources, that provide a better understanding of the saving …
Persistent link: https://www.econbiz.de/10005622147
This study has uniquely established that financing women though Self Help Groups has a significant role in empowering women, which is a smart economics indeed in achieving the objective of economic development of the weaker sections. The findings of this study establish using the statistical...
Persistent link: https://www.econbiz.de/10011110594
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