Search Results for Liquidity Constraints

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We show that, in a monetary equilibrium, trade and asset prices depend on both the supply of the...

Why do many households remain exposed to large exogenous sources of non-systematic income risk?...

Are generational accounts informative about the effect of the budget on the intergenerational...

This paper studies the effects that the inability of individuals to borrow against future income...

The relationship between regional saving and investment is examined to measure the extent of...

Japan seems to be turning less Ricardian, a trend set to continue. First, the discount wedge...