POZZI, L.; HEYLEN, F.; DOSSCHE, M. - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2002
sensitivity" of private consumption refer to liquidity constraints and/or myopia. Elaborating on existing theoretical literature …, which suggests that the incidence of liquidity constraints and the degree of myopia may be affected by the government debt … the incidence of liquidity constraints. As to the effects of financial liberalisation on excess sensitivity in the 1990s …