haku: @author Karras, G. / yhteensä: 7
viite: 3 / 7
| Tekijä: | Evans, P. Karras, G. |
| Otsikko: | Private and government consumption with liquidity constraints |
| Lehti: | Journal of International Money and Finance
1996 : APR, VOL. 15:2, p. 255-266 |
| Asiasana: | INTERNATIONAL FINANCE MONEY |
| Kieli: | eng |
| Tiivistelmä: | Economic theory predicts that liquidity constraints and substitutability or complementarity between private and government consumption result in excess sensitivity of private consumption to income and government consumption respectively. Using annual data, the authors estimate these excess sensitivity parameters for each of 54 countries and show that they not only have sensible values but are also correlated with several variables in ways consistent with economic theory. |
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