Testing for Liquidity Constraints in Euler Equations with Complementary Data Sources.

Previous tests for liquidity constraints using consuption Euler equations have frequently split the sample on the basis of wealth, arguing that low-wealth consumers are likely tp be constrained. We propose alternative tests using different and more direct information on borrowing constraints obtained form the 1983 Survey of Consumer Finances.

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Year of publication:	1998
Authors:	Jappelli, T. ; Pischke, J.-S. ; Souleles, N.S.
Institutions:	Rodney L. White Center for Financial Research, Wharton School of Business
Subject:	LIQUIDITY CONSTRAINTS \| CREDIT \| CONSUMPTION

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Series:	Rodney L. White Center for Financial Research Working Papers.
Type of publication:	Book / Working Paper
Notes:	11 pages
Classification:	D10 - Household Behavior and Family Economics. General ; G21 - Banks; Other Depository Institutions; Mortgages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005774159