Search Results - subject:"Borrowing constraints"

Financial shocks, comovement and credit frictions

Finocchiaro, Daria; Mendicino, Caterina - In: Economics letters 143 (2016), pp. 20-23

Persistent link: https://www.econbiz.de/10011616822

Optimal consumption and savings with stochastic income and recursive utility

Wang, Chong; Wang, Neng; Yang, Jinqiang - In: Journal of economic theory 165 (2016), pp. 292-331

Persistent link: https://www.econbiz.de/10011650110

Retirement with risk aversion change and borrowing constraints

Jang, Bong-Gyu; Lee, Ho-Seok - In: Finance research letters 16 (2016), pp. 112-124

Persistent link: https://www.econbiz.de/10011655139

The intended and unintended consequences of financial-market regulations : a general-equilibrium analysis

Buss, Adrian; Dumas, Bernard; Uppal, Raman; Vilkov, Grigory - In: Journal of monetary economics 81 (2016), pp. 25-43

Persistent link: https://www.econbiz.de/10011709400

Concave Consumption Function under Borrowing

Suen, Richard M. H. - Department of Economics, University of California-Riverside - 2010

borrowing constraints. In particular, it provides conditions under which the decision rule for consumption is a concave function …

Persistent link: https://www.econbiz.de/10010901469

Borrowing Constraints, the Marginal Propensity to Consume, and the Effectiveness of Fiscal Policy

Bishop, Thomas; Park, Cheolbeom - Institute of Economic Research, Korea University - 2010

simulates the dynamic effect of relaxed borrowing constraints. Our model uses Kreps-Porteus preferences which account for … constraints are relaxed because few consumers having binding borrowing constraints at that time. The model also shows that … consumers gradually reduce their wealth after borrowing constraints are relaxed, causing more of them to have binding …

Persistent link: https://www.econbiz.de/10008543769

How well-behaved are higher-order perturbation solutions?

Haan, Wouter J. den; Wind, Joris de - de Nederlandsche Bank - 2010

They are not well-behaved. The main problem is that one cannot control the radius of convergence when using perturbation techniques. Just outside the radius of convergence, higher-order approximations can easily behave extremely badly, and even within the radius of convergence one can expect...

Persistent link: https://www.econbiz.de/10008518883

Concave Consumption Function under Borrowing Constraints

Suen, Richard M. H. - Volkswirtschaftliche Fakultät, … - 2010

borrowing constraints. In particular, it provides conditions under which the decision rule for consumption is a concave function …

Persistent link: https://www.econbiz.de/10008565110

Who is credit constrained among denied or discouraged borrowers?".

Mama, Albert Touna; Ewoudou, Jacques - Economic Research Southern Africa (ERSA) - 2010

Since the seminal work of Jappelli (1990), it has become standard to identify as liquidity-constrained, borrowers who were either turned down for credit or did not apply because they might be turned down. In this paper, we show that the so-called â€œdenied or discouragedâ€ proxy does not...

Persistent link: https://www.econbiz.de/10008752861

Labor Market Search, Housing Prices and Borrowing Constraints.

Domingo, Javier Andrés; Boscá, José Emilio; Ferri, Javier - Institut d'Economia Internacional (IEI), Universitat Jaume I - 2010

Mortgage market deregulation in the early 1980s coincided in time with a sharp break in the cyclical behavior of many variables related to housing and to the labor market. This paper analyses the joint dynamics of labor market variables, output and housing prices in a search model with efficient...

Persistent link: https://www.econbiz.de/10008631493