Attanasio, Orazio; Goldberg, Pinelopi; Kyriazidou, Ekaterini - National Bureau of Economic Research (NBER) - 2000
We investigate the empirical significance of borrowing constraints in the market for consumer loans. We set up a theoretical model of consumer loan demand, which in the presence of credit rationing implies restrictions on the elasticities of loan demand with respect to the interest rate and the...