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Consumption and Credit: A Model of Time-Varying Liquidity Constraints
16 references·16 citing·41 second hopsampled
Consumption and Credit: A Model of Time-Varying Liquidity Constraints (1999)Consumption and Credit: A Model of Time-V…The Quarterly Journal of Economics (2024)The Quarterly Journal of Econ…Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis (1997)Buffer-Stock Saving and the L…The Financial Accelerator and the Flight to Quality (1996)The Financial Accelerator and…On the Behaviour of Commodity Prices (1992)On the Behaviour of Commodity…Saving and Liquidity Constraints (1991)Saving and Liquidity Constrai…Who is Credit Constrained in the U. S. Economy? (1990)Who is Credit Constrained in …Saving and Liquidity Constraints (1989)Saving and Liquidity Constrai…Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence (1989)Optimal Consumption with Stoc…Consumption and Liquidity Constraints: An Empirical Investigation (1989)Consumption and Liquidity Con…Financing Constraints and Corporate Investment (1988)Financing Constraints and Cor…Agency Costs, Net Worth, And Business Fluctuations (1988)Agency Costs, Net Worth, And …Financing Constraints and Corporate Investment (1987)Financing Constraints and Cor…Stochastic Consumption, Risk Aversion, and the Temporal Behavior of Asset Returns (1983)Stochastic Consumption, Risk …The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households (1982)The Sensitivity of Consumptio…The Adjustment of Consumption to Changing Expectations About Future Income (1981)The Adjustment of Consumption…Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence (1978)Stochastic Implications of th…Mobile payment and Chinese rural household consumption (2021)Mobile payment and Chinese ru…Financial inclusion and economic growth: The role of governance in selected MENA countries (2021)Financial inclusion and econo…Is a Household Debt Overhang Holding Back Consumption? (2012)Is a Household Debt Overhang …Household Debt and Income Inequality, 1963–2003 (2008)Household Debt and Income Ine…The effects of fiscal policy on consumption in recessions and expansions (2007)The effects of fiscal policy …The Declining Equity Premium: What Role Does Macroeconomic Risk Play? (2007)The Declining Equity Premium:…Macroeconomic Implications of Rising Household Debt (2007)Macroeconomic Implications of…Household Debt Sustainability: What Explains Household Non-Performing Loans? An Empirical Analysis (2006)Household Debt Sustainability…Borrowing Costs and the Demand for Equity over the Life Cycle (2006)Borrowing Costs and the Deman…The Declining Equity Premium: What Role Does Macroeconomic Risk Play? (2004)The Declining Equity Premium:…House prices, consumption, and monetary policy: a financial accelerator approach (2004)House prices, consumption, an…Portfolio Choice and Liquidity Constraints* (2003)Portfolio Choice and Liquidit…Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data (2001)Do Liquidity Constraints and …Credit, Prices, and Crashes: Business Cycles with a Sudden Stop (2001)Credit, Prices, and Crashes: …Estimating the rational expectations model of speculative storage: A Monte Carlo comparison of three simulation estimators (2000)Estimating the rational expec…Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data (2000)Do Liquidity Constraints and …Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Finance and Growth: Schumpeter Might Be Right (1993)Small Business Credit Availability and Relationship Lending: The Importance of Bank Organisational Structure (2002)Information Asymmetry and Financing Arrangements: Evidence from Syndicated Loans (2007)Hazardous Times for Monetary Policy: What Do Twenty-Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk-Taking? (2014)Moral Hazard and Observability (1979)Optimal contracts and competitive markets with costly state verification (1979)Theory ahead of business-cycle measurement (1986)Financial Constraints Risk (2006)Market Liquidity and Funding Liquidity (2008)Deciphering the Liquidity and Credit Crunch 2007–2008 (2009)Credit Rationing in Markets with Imperfect Information (1981)Golden Eggs and Hyperbolic Discounting (1997)The analysis of household surveys (1997)Econometric Analysis of Cross Section and Panel Data (2001)An Intertemporal Capital Asset Pricing Model (1973)Asset Prices in an Exchange Economy (1978)On estimating the expected return on the market (1980)Predicting returns in the stock and bond markets (1986)Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis (1991)Chapter 18 A survey of behavioral finance (2003)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency costs of free cash flow, corporate finance, and takeovers (1996)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Precautionary Saving in the Small and in the Large (1990)A Contribution to the Empirics of Economic Growth (1992)Consumption Over the Life Cycle (2002)Time Discounting and Time Preference: A Critical Review (2002)Chapter 21 The financial accelerator in a quantitative business cycle framework (1999)Panel Data Econometrics (2003)Trends and random walks in macroeconmic time series (1982)Testing for a Unit Root in Time Series Regression (1988)The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis (1989)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)Threshold effects in non-dynamic panels: Estimation, testing, and inference (1999)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)A Theory of Fairness, Competition, and Cooperation (1999)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)The Skill Content of Recent Technological Change: An Empirical Exploration (2003)
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References

  • 2024The Quarterly Journal of Economics7,176 cited
  • 1988Financing Constraints and Corporate Investment5,566 cited
  • 1988Agency Costs, Net Worth, And Business Fluctuations4,382 cited
  • 1987Financing Constraints and Corporate Investment4,354 cited
  • 1978Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence3,581 cited
  • 1996The Financial Accelerator and the Flight to Quality2,351 cited
  • 1989Consumption and Liquidity Constraints: An Empirical Investigation1,933 cited
  • 1997Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis1,706 cited
  • 1991Saving and Liquidity Constraints1,650 cited
  • 1983Stochastic Consumption, Risk Aversion, and the Temporal Behavior of Asset Returns1,549 cited
  • 1989Saving and Liquidity Constraints1,341 cited
  • 1981The Adjustment of Consumption to Changing Expectations About Future Income1,326 cited
  • 1992On the Behaviour of Commodity Prices1,154 cited
  • 1989Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence904 cited
  • 1990Who is Credit Constrained in the U. S. Economy?816 cited

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1982
The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households
733 cited

Cited by

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  • 2012Is a Household Debt Overhang Holding Back Consumption?340 cited
  • 2021Financial inclusion and economic growth: The role of governance in selected MENA countries333 cited
  • 2006Household Debt Sustainability: What Explains Household Non-Performing Loans? An Empirical Analysis268 cited
  • 2003Portfolio Choice and Liquidity Constraints*265 cited
  • 2000Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data258 cited
  • 2008Household Debt and Income Inequality, 1963–2003244 cited
  • 2006Borrowing Costs and the Demand for Equity over the Life Cycle200 cited
  • 2004The Declining Equity Premium: What Role Does Macroeconomic Risk Play?200 cited
  • 2001Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data190 cited
  • 2007Macroeconomic Implications of Rising Household Debt178 cited
  • 2001Credit, Prices, and Crashes: Business Cycles with a Sudden Stop172 cited
  • 2000Estimating the rational expectations model of speculative storage: A Monte Carlo comparison of three simulation estimators159 cited
  • 2007The effects of fiscal policy on consumption in recessions and expansions154 cited
  • 2021Mobile payment and Chinese rural household consumption153 cited