Saving, Growth, and Liquidity Constraints
- 1 February 1994
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 109 (1) , 83-109
- https://doi.org/10.2307/2118429
Abstract
In the context of an overlapping-generations model, we show that Uquidity constraints on households (i) raise the saving rate, (ii) strengthen the efKeywords
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