Article ID Journal Published Year Pages File Type
965749 Journal of Macroeconomics 2015 20 Pages PDF
Abstract
Additionally, the borrowing constraint raises aggregate savings and, hence, physical capital. Consequently, when prices are flexible, the positive welfare impact of the constraint is higher.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Borrowing constraints, parental altruism and welfare
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