Author: Adrian Blundell-WignallPublisher:
ISBN:
Category :
Languages : de
Pages : 39
Book Description
Financial liberalisation and consumption behaviour
Author: Adrian Blundell-WignallPublisher:
ISBN:
Category :
Languages : de
Pages : 39
Book Description
Financial liberalisation and consumption behaviour
Author: A. Blundell-WignallFinancial Liberalisation and Consumption Behaviour
Author: Financial Liberalisation and Consumption Behaviour
Author: Adrian Blundell-WignallPublisher: OECD
ISBN:
Category : Consumer behavior
Languages : en
Pages : 48
Book Description
Consumer Behaviour in Japan Under Financial Liberalisation and Demographic Change
Author: Wataru TakahashiPublisher:
ISBN:
Category : Consumer behavior
Languages : en
Pages : 54
Book Description
Financial Liberalisation and Consumers' Expenditure
Author: Emilio Fernández CorugedoPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This paper examines whether the methodology used in the papers by Darby and Ireland and Caporale and Williams continues to explain UK consumption behaviour. We update Muellbauer and Murphy's proxy for financial liberalisation (FLIB) and re-examine a forward-looking consumption model which uses FLIB as a variable affecting the proportion of liquidity-constrained individuals. We find that this implementation of the model, incorporating joint hypotheses about consumption behaviour and the measurement of financial liberalisation, is not robust and is not able to give a consistent picture of the number of people who were liquidity constrained in the 1990s.
Monetary Policy and Financial Liberalization
Author: Guglielmo Maria CaporalePublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This paper outlines work done recently to investigate the impact of financial liberalization on monetary policy effectiveness. We look at the case of United Kingdom consumption behavior, in particular the savings ratio. Over the 1990s, this sector has been heavily influenced by comprehensive deregulation of the U.K. financial services industry, which has caused stable long-run relationships for the U.K. consumption function to shift significantly. We analyze the relationship between financial liberalization and consumption by evaluating and extending a forward-looking model in which the degree of financial deregulation influences the behavior of two groups of consumers: those constrained to consume from current income only and those able to borrow on the basis of expected future income flows. We show that specifications incorporating such features capture recent U.K. behavior reasonably well and pick up the main shifts in the savings ratio. We also show that changes in the extent of financial regulation cause the transmission of monetary policy to alter in important ways that have implications for the way in which monetary policy should be implemented.
Determinants of Private Consumption
Author: A. BayarPublisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 52
Book Description
Recoge: Evolución histórica de la teoría del consumo.- Tendencias actuales en las conductas de consumo en la comunidad.- Pautas que se vislumbran a mediano y largo plazo.- Simulación con un modelo.
Financial Liberalisation, Consumption and Debt in South Africa
Author: Janine AronCurrent Account Imbalances, Household Consumption and Debt in the Euro Area
Author: Benedicta MarzinottoPublisher:
ISBN:
Category :
Languages : en
Pages : 31
Book Description
This paper explores the extent to which financial liberalization in the euro area had a differentiated impact on members' private consumption patterns and in turn on their current account positions as a function of who got indebted in the first place. Theoretically, it builds on an inter-temporal consumption model augmented with household heterogeneity. Low/middle income groups are impatient and credit-constrained, whilst high-income groups are patient and under no constraint. Increased access to credit in previously financially repressed countries implies a relaxation of collateral constraints specifically for low-income groups, who differently from high-income agents borrow to finance current consumption. It follows that financial liberalization is associated with deteriorating external positions there where initial levels of financial openness and inclusion are lowest and the share of the low/middle-income group largest.