Search Results for borrowing constraints

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We find that from 1995 to 2002 in China, the dispersion of wealth decreased, the moneywealth...

We revisit the empirical relationship between private/public debt and output, and build a model...

Motivated by the recent European debt crisis, this paper investigates the scope for a ...

We study the welfare properties of an economy where both monetary and fiscal policy follow simple...

A method of testing the relative importance for consumption of risk sharing behavior and changes...

This paper finds optimal fiscal rule parameter values and measures the effects of imposing fiscal...