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
no.81 |
| 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 p.) 21 x 29.7cm. |
| DOI: | 10.1787/203380285176 |
Internformat
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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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| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:55:54Z |
| institution | BVB |
| language | English |
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| physical | 1 Online-Ressource (40 p.) 21 x 29.7cm. |
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| publishDate | 1991 |
| publishDateSearch | 1991 |
| publishDateSort | 1991 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Economics Department Working Papers |
| spelling | Blundell-Wignall, Adrian VerfasserIn aut Financial Liberalisation and Consumption Behaviour Adrian, Blundell-Wignall, Frank, Browne and Stefano, Cavaglia Paris OECD Publishing 1991 1 Online-Ressource (40 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.81 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 MitwirkendeR ctb Cavaglia, Stefano MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/203380285176 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_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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