Savings and the Terms of Trade Under Borrowing Constraints
收藏NBER2000-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7743
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资源简介：
This paper examines the extent to which permanent terms-of-trade shocks have an asymmetric effect on private savings. The first part uses a simple three-period model to show that, if households expect to face binding borrowing constraints in bad states of nature, savings rates will respond
提供机构：
美国国家经济研究局
创建时间：
2000-06-01
