Search Results - subject:"Liquidity constraints"

A Theory of the Consumption Function, With and Without Liquidity Constraints (Expanded Version)

Carroll, Christopher D. - 2001

effects of precautionary saving and liquidity constraints are often virtually indistinguishable …

Persistent link: https://www.econbiz.de/10012470333

Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data

Gross, David B. - 2001

Permanent-Income Hypothesis (PIH), liquidity constraints, precautionary saving, and behavioral models. We find that increases in … liquidity constraints. However, the MPC is significant even for people starting well below their limit. We show this response is … people starting near their credit limits, again consistent with liquidity constraints …

Persistent link: https://www.econbiz.de/10012470410

Monetary transmission in Germany : new perspectives on financial constraints and investment spending

Kalckreuth, Ulf von - 2001

Persistent link: https://www.econbiz.de/10013434422

Credit Constraints and International Financial Crises

Paasche, Bernhard - 2001

A version of the Kiyotaki and Moore (1997) model of credit cycles is used to examine the extent to which a crisis in a country can spread to another seemingly unrelated country. The model features two small open economies that face credit constraints and produce a differentiated commodity which...

Persistent link: https://www.econbiz.de/10014127919

Job Creation Under Liquidity Constraints : The Spanish Case

Rendón, Sílvio - 2001

This paper shows that liquidity constraints restrict job creation even when labor markets are flexible. In a dynamic …, which created temporary contracts, implied to some extent a relaxation of liquidity constraints. Accordingly, firms used … creation continues to be slow. Consequently, relaxation of liquidity constraints should also be part of a job creation strategy …

Persistent link: https://www.econbiz.de/10014150127

Has Inventory Investment Been Liquidity-Constrained? : Evidence From U.S. Panel Data

Kim, Yungsan - 2001

Based on an analysis of high-frequency panel data for U.S. firms, this paper finds that inventory investment has been liquidity-constrained in most periods during 1975-97, but less so, or not at all, during recessions. This result can be justified on the grounds that inventory fluctuations are...

Persistent link: https://www.econbiz.de/10014399956

Is Inequality Bad for Business : A Nonlinear Microeconomic Model of Wealth Effects on Self-Employment

Mesnard, Alice; Ravallion, Martin - 2001

rate of new business start-ups, through the existence of diminshing returns to capital given liquidity constraints. In this … research on interventions to reduce liquidity constraints …

Persistent link: https://www.econbiz.de/10012572912

Business Cycles, Economic Crises, and the Poor : Testing for Asymmetric Effects

Agénor, Pierre-Richard - 2001

The author examines whether output contraction associated with cyclical output fluctuations and economic crises have an asymmetric effect on poverty. He identifies four potential sources of asymmetry: expectations and cofident factors, credit rationing at the firm level (induced by either...

Persistent link: https://www.econbiz.de/10012573073

Optimal Savings with Taxable and Tax-Deferred Accounts

Gomes, Francisco; Michaelides, Alexander; … - In: Review of Economic Dynamics 12 (2009) 4, pp. 718-735

We solve and estimate a life-cycle model with earnings risk and liquidity constraints in the presence of tax …

Persistent link: https://www.econbiz.de/10004985612

The role of marriage in immigrants’ human capital investment under liquidity constraints

Cohen-Goldner, Sarit; Gotlibovski, Chemi; Kahana, Nava - In: Journal of Population Economics 22 (2009) 4, pp. 983-1003

Persistent link: https://www.econbiz.de/10005061409