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Savings, Growth and Capital Markets Imperfections : The Case of Borrowing Constraints
De Gregorio, Jose - 1993
This paper studies the effects that borrowing constraints have on savings and growth and argues that, though they … increase savings, their effect on growth is ambiguous. Empirical evidence on the extent of borrowing constraints as well as … savings, investment, human capital accumulation and growth performance for industrialized countries is presented. A simple …
Persistent link: https://www.econbiz.de/10014398466
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Saving, growth and liquidity constraints
Jappelli, Tullio; Pagano, Marco - 1992
Persistent link: https://www.econbiz.de/10013422192
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Wealth shocks and macroeconomic dynamics
Cooper, Daniel; Dynan, Karen E. - 2013 - This version: June 14, 2013
The effect of wealth on consumption is an issue of longstanding interest to economists. Analysts believe that fluctuations in household wealth have driven major swings in economic activity. This paper considers so-called wealth effects - the impact of changes in wealth on household consumption...
Persistent link: https://www.econbiz.de/10009760038
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What do aggregate saving rates (not) show?
Ponomarenko, Alexey; Ponomarenko, Alexey - 2017
The aggregate saving indicator does not directly reflect changes in individuals' microeconomic behavior. From the official statistics' point of view, households choosebetween spending, which generates additional income and consumption in the economy, and setting money aside, which does not....
Persistent link: https://www.econbiz.de/10011751875
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Precautionary saving, growth, and welfare : a cross-country study
Jitsuchon, Somchai; Saitō, Makoto - 1995
Persistent link: https://www.econbiz.de/10000908066
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Consumption, wealth, frugality, and long-run growth
Yang, Zaifu; Zhang, Rong - 2021 - This version: 16 September 2021
Persistent link: https://www.econbiz.de/10012817890
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Credit constraints and growth in a global economy
Coeurdacier, Nicolas; Guibaud, Stéphane; Jin, Keyu - 2012
Persistent link: https://www.econbiz.de/10009621909
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Liquidity constraints of the middle class
Campbell, Jeffrey R.; Hercowitz, Zvi - 2018 - Revised version of CentER discussion paper no. 2015-009
Persistent link: https://www.econbiz.de/10011943721
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Liquidity constraints of the middle class
Campbell, Jeffrey R.; Hercowitz, Zvi - 2015 - Preprint
Persistent link: https://www.econbiz.de/10011404437
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Liquidity constraints of the middle class
Campbell, Jeffrey R.; Hercowitz, Zvi - 2009 - rev.
The consumption of households with liquid financial assets responds much more to transitory income shocks than the permanent-income hypothesis predicts. That is, middle class households with assets act as if they face liquidity constraints. This paper addresses this puzzling observation with a...
Persistent link: https://www.econbiz.de/10003914669