Idioma:

Consumption predictability: the role of credit conditions

Caleman, Bruno De Queiroz

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Título:
Consumption predictability: the role of credit conditions
Autor: Caleman, Bruno De Queiroz
Orientador: Gomes, Fabio Augusto Reis
Assuntos: Consumo; Crédito; Escolha Doméstica Intertemporal; Consumption; Credit; Intertemporal Household Choice
Notas: Dissertação (Mestrado)
Descrição: The goal of this dissertation is to investigate the relationship between consumption and credit through a dynamic structural model. With impatient consumers and low income volatility, the dependence of consumption to consumer credit is a proxy of credit supply, opposing the usual interpretation. In this case, deregulation on credit markets would enhance the predictive power of consumer credit. However, with less impatient consumers and increased income volatility, more credit supply reduce the dependence of consumption to consumer credit. This theoretical evidence shows that there is ambiguity in interpreting the predictability of aggregate consumption, and understanding dependence of consumption to credit as a measure of credit constraints might be misleading.
DOI: 10.11606/D.96.2021.tde-26072021-095242
Editor: Biblioteca Digital de Teses e Dissertações da USP; Universidade de São Paulo; Faculdade de Economia, Administração e Contabilidade de Ribeirão Preto
Data de criação/publicação: 2021-05-25
Formato: Adobe PDF
Idioma: Inglês

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