Title of article
An analytical solution to the inverse consumption function with liquidity constraints
Author/Authors
Myung-Ho Park، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2006
Pages
6
From page
389
To page
394
Abstract
This paper analyzes the consumption function induced by liquidity constraints under perfect foresight in continuous time, obtaining an analytical expression for the inverse consumption function. Liquidity constraints have dramatic effects on consumption, even long before the constraints bind
Keywords
Liquidity Constraints , Consumption , Optimal control
Journal title
Economics Letters
Serial Year
2006
Journal title
Economics Letters
Record number
436024
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