Author: Charlotte OstergaardPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Consumption and Aggregate Constraints : Evidence from US States and Canadian Provinces
Author: Charlotte OstergaardConsumption and Aggregate Constraints
Author: Charlotte OstergaardPublisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 40
Book Description
Consumption and Aggregate Constraints
Author: Charlotte OstergaardPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
State-level consumption exhibits excess sensitivity to lagged income to the same extent as U.S. aggregate data, but state-specific (idiosyncratic) consumption exhibits substantially less sensitivity to lagged state-specific income - a result that also holds for Canadian provinces. We propose the following interpretation: borrowing and lending in response to changes in consumer demand are easier for individual U.S. states than for the United States as a whole, and therefore, the measured deviation from the benchmark permanent income hypothesis model is smaller. However, lagged state-specific variables help predict state-specific consumption, suggesting that the PIH model still requires qualification.
Consumption and Aggregate Constaints
Author: Charlotte OstergaardConsumption and Aggregate Constraints
Author: Charlotte OstergaardPublisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 30
Book Description
Consumption and Aggregate Constraints
Author: Joseph P. DeJuanPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This paper documents that region-level consumption exhibits excess sensitivity to lagged region-level income in Italy, Japan, Spain, the UK and West Germany. However, region-specific consumption exhibits substantially less sensitivity to lagged region-specific income. Moreover, excess sensitivity is inversely related to standard measures of openness and credit market integration and for most countries, it has decreased over time. These findings are consistent with the results reported by Ostergaard et al. [Journal of Political Economy (2002) Vol. 110, pp. 634-645] for US states and Canadian provinces, and provide empirical support for the hypothesis that closed-economy constraints may partly be responsible for the excess sensitivity phenomenon in aggregate data.
IBSS: Economics: 2002 Vol.51
Author: Compiled by the British Library of Political and Economic SciencePublisher: Routledge
ISBN: 1134340036
Category : Business & Economics
Languages : en
Pages : 675
Book Description
First published in 1952, the International Bibliography of the Social Sciences (anthropology, economics, political science, and sociology) is well established as a major bibliographic reference for students, researchers and librarians in the social sciences worldwide. Key features * Authority: Rigorous standards are applied to make the IBSS the most authoritative selective bibliography ever produced. Articles and books are selected on merit by some of the world's most expert librarians and academics. *Breadth: today the IBSS covers over 2000 journals - more than any other comparable resource. The latest monograph publications are also included. *International Coverage: the IBSS reviews scholarship published in over 30 languages, including publications from Eastern Europe and the developing world. *User friendly organization: all non-English titles are word sections. Extensive author, subject and place name indexes are provided in both English and French. Place your standing order now for the 2003 volumes of the the IBSS Anthropology: 2002 Vol.48 December 2003: 234x156: Hb: 0-415-32634-6: £195.00 Economics: 2002 Vol.51 December 2003: 234x156: Hb: 0-415-32635-4: £195.00 Political Science: 2002 Vol.51 December 2003: 234x156: Hb: 0-415-32636-2: £195.00 Sociology: 2002 Vol.52 December 2003: 234x156: Hb: 0-415-32637-0: £195.00
International Bibliography of Economics
Author: Compiled by the British Library of Political and Economic SciencePublisher: Psychology Press
ISBN: 0415326354
Category : Economics
Languages : en
Pages : 676
Book Description
IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences.
journal of monetary economics
Author: Aggregate Consumption Behaviour and Liquidity Constraints
Author: Tony S. WirjantoPublisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 26
Book Description