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Type: Journal Articles Authors: Davies, A J and Weber, G ISSN: Print: 0143-5671 Online: 1475-5890
Published in: Fiscal Studies, Vol. 12, No. 2, May 1991
Volume, issue, pages: Vol.12, No. 2, pp. 61-84
In this paper we use micro-data as a basis for measuring liquidity constraints over the time period 1972-86. We then employ our results to (i) investigate the Life Cycle/Permanent Income Hypothesis and (ii) examine the theory that the consumer boom of the 1980s can be explained in terms of the financial liberalisation which took place at the start of the decade. Search |
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