Consumer Durables and the Real Interest Rate PDF Download
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Author: N. Gregory Mankiw
Publisher:
ISBN:
Category : Durable goods, Consumer
Languages : en
Pages : 28
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Book Description
Author: N. Gregory Mankiw
Publisher:
ISBN:
Category : Durable goods, Consumer
Languages : en
Pages : 28
Get Book Here
Book Description
Author: N. Gregory Mankiw
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This paper examines the interaction between consumer durable goods andconsumer non-durable goods in determining the responsiveness of totalexpenditure to the after-tax real interest rate. The introduction ofconsumer durables into the consumer's decision problem can have importanteffects on the interest elasticity of total spending. The channelhighlighted here might be called the "user cost effect," in that theafter-tax interest rate enters the implicit user cost of consumer durablegoods. Even if a consumer has a one-period planning horizon, possiblybecause of a binding borrowing constraint, the user cost effect maynonetheless make his spending highly interest sensitive. Finally, thepaper examines the response of the level and composition of consumerspending to the high real interest rates experienced in the early 1980s.
Author: M. J. Hamburger
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: Michael J. Hamburger
Publisher:
ISBN:
Category : Consumers
Languages : en
Pages : 42
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Book Description
Author: Frederic S. Mishkin
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 92
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Book Description
Author: Annamaria Lusardi
Publisher:
ISBN:
Category : Durable goods, Consumer
Languages : en
Pages : 25
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Book Description
Author: Christopher J. Erceg
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 42
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Book Description
Author: Thomas A. Durkin
Publisher:
ISBN: 0195169921
Category : Business & Economics
Languages : en
Pages : 737
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Book Description
Consumer Credit and the American Economy examines the economics, behavioral science, sociology, history, institutions, law, and regulation of consumer credit in the United States. After discussing the origins and various kinds of consumer credit available in today's marketplace, this book reviews at some length the long run growth of consumer credit to explore the widely held belief that somehow consumer credit has risen "too fast for too long." It then turns to demand and supply with chapters discussing neoclassical theories of demand, new behavioral economics, and evidence on production costs and why consumer credit might seem expensive compared to some other kinds of credit like government finance. This discussion includes review of the economics of risk management and funding sources, as well discussion of the economic theory of why some people might be limited in their credit search, the phenomenon of credit rationing. This examination includes review of issues of risk management through mathematical methods of borrower screening known as credit scoring and financial market sources of funding for offerings of consumer credit. The book then discusses technological change in credit granting. It examines how modern automated information systems called credit reporting agencies, or more popularly "credit bureaus," reduce the costs of information acquisition and permit greater credit availability at less cost. This discussion is followed by examination of the logical offspring of technology, the ubiquitous credit card that permits consumers access to both payments and credit services worldwide virtually instantly. After a chapter on institutions that have arisen to supply credit to individuals for whom mainstream credit is often unavailable, including "payday loans" and other small dollar sources of loans, discussion turns to legal structure and the regulation of consumer credit. There are separate chapters on the theories behind the two main thrusts of federal regulation to this point, fairness for all and financial disclosure. Following these chapters, there is another on state regulation that has long focused on marketplace access and pricing. Before a final concluding chapter, another chapter focuses on two noncredit marketplace products that are closely related to credit. The first of them, debt protection including credit insurance and other forms of credit protection, is economically a complement. The second product, consumer leasing, is a substitute for credit use in many situations, especially involving acquisition of automobiles. This chapter is followed by a full review of consumer bankruptcy, what happens in the worst of cases when consumers find themselves unable to repay their loans. Because of the importance of consumer credit in consumers' financial affairs, the intended audience includes anyone interested in these issues, not only specialists who spend much of their time focused on them. For this reason, the authors have carefully avoided academic jargon and the mathematics that is the modern language of economics. It also examines the psychological, sociological, historical, and especially legal traditions that go into fully understanding what has led to the demand for consumer credit and to what the markets and institutions that provide these products have become today.
Author: Moazzem Hossain
Publisher: Routledge
ISBN: 1134693885
Category : Business & Economics
Languages : en
Pages : 289
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Book Description
This edited collection examines the impact of privatisation and the lessons to be learnt from it for the purpose of regulatory reform. The contributors analyse the benefits and losses of privatisation in a variety of countries from economic, legal and consumer perspectives and address fundamental questions such as whether private ownership necessarily leads to better incentives for management and productivity. The book contains illustrative case studies of the Australian telecommunications industry, the deregulation of the Swedish taxi and postal industries, Californian telecommunications industries as well as discussing consumer responses to the privatisation of key utilities in the UK. The impact of privatisation in developing nations is also addressed, with particular reference to India and Malaysia.
Author: Dan Richards
Publisher: John Wiley & Sons
ISBN: 1119184444
Category : Business & Economics
Languages : en
Pages : 410
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Book Description
The fast and easy way to make macroeconomics manageable Macroeconomics is kind of a big deal. Without it, we wouldn't have the ability to study the economy as a whole—which is something that affects almost every aspect of your life, whether you realize it or not. From your employment status to how much you earn and pay in taxes, macroeconomics really matters. Breaking down this complicated and fascinating topic into manageable pieces, Macroeconomics For Dummies gives you fast and easy access to a subject that has a tendency to stump the masses. With the help of this plain-English guide, you'll quickly find out how to gather data about economies to inform hypotheses on everything from the impact of cutting government spending to the underlying causes of recessions and high inflation. Analyze business cycles for overall economic health Study economic indicators such as unemployment Understand financial trends on the international market Score higher in your macroeconomics class Filled with step-by-step instruction and enlightening real-world examples, this is the only book you need to slay the beast and make macroeconomics your minion!
