Financial Deregulation and Household Indebtedness
نویسندگان
چکیده
منابع مشابه
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We examine the ‘financial accelerator’ model of household behaviour, whereby shocks to household balance sheets increase the amplitude of fluctuations in consumer spending by tightening or unbinding collateral constraints. We construct an alternative model where households have access to both secured and unsecured debt, and examine the consequences of shocks to household balance sheets (primari...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2003
ISSN: 1556-5068
DOI: 10.2139/ssrn.380062