Financial Liberalisation and Consumption Behaviour:
The paper addresses the question of whether financial liberalisation and innovation has significantly altered consumption behaviour by reducing liquidity constraints as capital markets become more flexible. A consumption model in which the permanent income hypothesis and extreme Keynesian consumptio...
Gespeichert in:
| 1. Verfasser: | |
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| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
1991
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| Schriftenreihe: | OECD Economics Department Working Papers
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The paper addresses the question of whether financial liberalisation and innovation has significantly altered consumption behaviour by reducing liquidity constraints as capital markets become more flexible. A consumption model in which the permanent income hypothesis and extreme Keynesian consumption functions are nested as special cases is the starting point for this analysis. Estimated values for the sensitivity of consumption to current income for different time periods and for several OECD countries are assessed and compared in the light of various econometric properties, country specific liberalisation measures and a variety of proxies reflecting changing liquidity constraints ... |
| Beschreibung: | 1 Online-Ressource (40 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/203380285176 |
Internformat
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| 245 | 1 | 0 | |a Financial Liberalisation and Consumption Behaviour |c Adrian Blundell-Wignall, Frank Browne and Stefano Cavaglia |
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| 520 | |a The paper addresses the question of whether financial liberalisation and innovation has significantly altered consumption behaviour by reducing liquidity constraints as capital markets become more flexible. A consumption model in which the permanent income hypothesis and extreme Keynesian consumption functions are nested as special cases is the starting point for this analysis. Estimated values for the sensitivity of consumption to current income for different time periods and for several OECD countries are assessed and compared in the light of various econometric properties, country specific liberalisation measures and a variety of proxies reflecting changing liquidity constraints ... | ||
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Datensatz im Suchindex
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| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/203380285176 |
| format | Electronic eBook |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:34:57Z |
| indexdate | 2024-12-18T19:02:45Z |
| institution | BVB |
| language | English |
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| physical | 1 Online-Ressource (40 Seiten) 21 x 29.7cm |
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| publishDate | 1991 |
| publishDateSearch | 1991 |
| publishDateSort | 1991 |
| publisher | OECD Publishing |
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| series2 | OECD Economics Department Working Papers |
| spelling | Blundell-Wignall, Adrian Verfasser aut Financial Liberalisation and Consumption Behaviour Adrian Blundell-Wignall, Frank Browne and Stefano Cavaglia Paris OECD Publishing 1991 1 Online-Ressource (40 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers The paper addresses the question of whether financial liberalisation and innovation has significantly altered consumption behaviour by reducing liquidity constraints as capital markets become more flexible. A consumption model in which the permanent income hypothesis and extreme Keynesian consumption functions are nested as special cases is the starting point for this analysis. Estimated values for the sensitivity of consumption to current income for different time periods and for several OECD countries are assessed and compared in the light of various econometric properties, country specific liberalisation measures and a variety of proxies reflecting changing liquidity constraints ... Economics Browne, Frank ctb Cavaglia, Stefano ctb https://doi.org/10.1787/203380285176 Verlag kostenfrei Volltext |
| spellingShingle | Blundell-Wignall, Adrian Financial Liberalisation and Consumption Behaviour Economics |
| title | Financial Liberalisation and Consumption Behaviour |
| title_auth | Financial Liberalisation and Consumption Behaviour |
| title_exact_search | Financial Liberalisation and Consumption Behaviour |
| title_exact_search_txtP | Financial Liberalisation and Consumption Behaviour |
| title_full | Financial Liberalisation and Consumption Behaviour Adrian Blundell-Wignall, Frank Browne and Stefano Cavaglia |
| title_fullStr | Financial Liberalisation and Consumption Behaviour Adrian Blundell-Wignall, Frank Browne and Stefano Cavaglia |
| title_full_unstemmed | Financial Liberalisation and Consumption Behaviour Adrian Blundell-Wignall, Frank Browne and Stefano Cavaglia |
| title_short | Financial Liberalisation and Consumption Behaviour |
| title_sort | financial liberalisation and consumption behaviour |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/203380285176 |
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