Gomes, Orlando (2007): Constraints on credit, consumer behaviour and the dynamics of wealth.
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This note develops a simple macro model where the pattern of wealth accumulation is determined by a credit multiplier and by the way households react to short run fluctuations. In this setup, long term wealth dynamics are eventually characterized by the presence of endogenous cycles.
|Item Type:||MPRA Paper|
|Institution:||Escola Superior de Comunicação Social - Instituto Politécnico de Lisboa|
|Original Title:||Constraints on credit, consumer behaviour and the dynamics of wealth|
|Keywords:||Credit constraints; Financial development; Consumer confidence; Endogenous business cycles; Nonlinear dynamics|
|Subjects:||C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C61 - Optimization Techniques ; Programming Models ; Dynamic Analysis
O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O41 - One, Two, and Multisector Growth Models
E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations ; Cycles
|Depositing User:||Orlando Gomes|
|Date Deposited:||24. Apr 2007|
|Last Modified:||15. Feb 2013 09:14|
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