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| Tekijä: | Lewis, K. |
| Otsikko: | Are countries with official international restrictions "liquidity constrained"? |
| Lehti: | European Economic Review
1997 : JUN, VOL. 41:6, p. 1079-1109 |
| Asiasana: | ECONOMICS CONSUMPTION OUTPUT |
| Kieli: | eng |
| Tiivistelmä: | In this paper, the author empirically examines consumption smoothing behavior across a broad group of countries using a unique data set that indicates whether residents in a country face an official government restriction. The author then asks whether the ex ante consumption movements among restricted countries differ from those of unrestricted countries. To gauge the departure from standard consumption smoothing, the author uses the Campbell and Mankiw approach of regressing consumption growth on income growth and instrumenting with lagged variables. |
SCIMA