| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9109 |
| DP9109 Credit Constraints and Growth in a Global Economy | |
| Nicolas Coeurdacier; Keyu Jin | |
| 发表日期 | 2012-08-26 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | In a period of rapid integration and accelerated growth in emerging markets, three striking trends have been (1) a divergence in the private saving rates of emerging markets and advanced economies, (2) large net capital outflows from emerging markets, and (3) a sustained decline in the world interest rate. This paper shows that in a multi-period OLG model, the interaction between growth and household credit constraints --- more severe in emerging markets --- is able to account for all of the above facts. We provide micro-level evidence that corroborates our mechanism: saving behaviors across age groups in the U.S. and China are broadly supportive of the predictions of the model. |
| 主题 | International Macroeconomics |
| 关键词 | Capital flows Credit constraints Globalization Life-cycle household savings Saving and current account imbalances |
| URL | https://cepr.org/publications/dp9109 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537942 |
| 推荐引用方式 GB/T 7714 | Nicolas Coeurdacier,Keyu Jin. DP9109 Credit Constraints and Growth in a Global Economy. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Nicolas Coeurdacier]的文章 |
| [Keyu Jin]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Nicolas Coeurdacier]的文章 |
| [Keyu Jin]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Nicolas Coeurdacier]的文章 |
| [Keyu Jin]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
