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Gomes, O. (2009). Constraints on credit, consumer behaviour and the dynamics of wealth. Economic Annals. 54 (182), 119-131
O. M. Gomes, "Constraints on credit, consumer behaviour and the dynamics of wealth", in Economic Ann., vol. 54, no. 182, pp. 119-131, 2009
@article{gomes2009_1715933357660, author = "Gomes, O.", title = "Constraints on credit, consumer behaviour and the dynamics of wealth", journal = "Economic Annals", year = "2009", volume = "54", number = "182", doi = "10.2298/EKA0982119G", pages = "119-131", url = "http://www.doiserbia.nb.rs/img/doi/0013-3264/2009/0013-32640982119G.pdf" }
TY - JOUR TI - Constraints on credit, consumer behaviour and the dynamics of wealth T2 - Economic Annals VL - 54 IS - 182 AU - Gomes, O. PY - 2009 SP - 119-131 SN - 0013-3264 DO - 10.2298/EKA0982119G UR - http://www.doiserbia.nb.rs/img/doi/0013-3264/2009/0013-32640982119G.pdf AB - This note develops a simple macro model where the pattern of wealth accumulation is determined by a credit multiplier and by the way households react to short run fluctuations. In this setup, long term wealth dynamics are eventually characterized by the presence of endogenous cycles. ER -