頁籤選單縮合
題名 | Consumption and Credit Market: Evidence from Taiwan= |
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作者 | Wu, Chung-shu; Fan, Chih-ping; |
期刊 | 中國統計學報 |
出版日期 | 20071200 |
卷期 | 45:4 2007.12[民96.12] |
頁次 | 頁355-371 |
分類號 | 563.1 |
語文 | eng |
關鍵詞 | Consumption; Credit; Excess sensitivity; Liquidity constraint; Kalman filter; |
英文摘要 | The credit market in Taiwan has experienced a significant fluctuation during the last thirty years and provides an excellent background to investigate the relationship between consumption and credit. This paper uses a Kalman filter technique to allow the coefficient of current income to vary over time, and shows the existence of excess sensitivity of consumption. However, the evolution of a credit market cannot adequately explain the time-varying coefficients of current income with regard to liquidity constraint. |
本系統之摘要資訊系依該期刊論文摘要之資訊為主。