The paper examines the demand for narrow money in Greece over the period 1962 to 1998. The data is tested to examine the order of integration. Estimation of the demand function follows the two step methodology. The first step entails the specification of the long run equilibrium relationship...

In this paper, we analyze the spending decisions of over 1.5 million Americans who vary in their degree of revealed credit constraints. Specifically, we analyze how these Americans spend their income tax refunds, using transaction-level data from a stored-value card product. Card-holders may...

In this paper, we analyze the spending decisions of over 1.5 million Americans who vary in their degree of revealed credit constraints. Specifically, we analyze how these Americans spend their income tax refunds, using transaction-level data from a stored-value card product. Card-holders may...