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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
electricity consumption and influenced by the opinion of their close relatives. We also examined how consumption awareness is … over-analysis). Findings: Our study showed that the number of occupants does not affect consumption patterns as most … changes in savings are explained by either awareness or by a clear understanding of consumption patterns, and only 10.2% by …
Persistent link: https://www.econbiz.de/10014490288
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This paper describes how to implement and run a game for teaching the principles of money and banking to an undergraduate economics class. The game primarily deals with the market for loanable funds, but numerous extensions are provided to cover topics such as monetary policy, the tools of the...
Persistent link: https://www.econbiz.de/10011449896
The standard approach to nominal illusion in Economics sees it as a transitory phenomenon, as economic agents eventually see through the nominal veil, making the right choices. Recent empirical studies suggest that money illusion may persist, distorting real prices in a variety of economic...
Persistent link: https://www.econbiz.de/10012694352
I examine whether reference points can provide an explanation for rigid wages in recessions. Even though a recession provides a good reason to adjust wages downward, workers' perception of a "fair wage" may depend on their previous wage, their reference point. Using a laboratory experiment, I...
Persistent link: https://www.econbiz.de/10012485890
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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
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