It takes the average reader and 33 minutes to read Credit Constraints, Productivity Shocks and Consumption Volatility in Emerging Economies by Rudrani Bhattacharya
Assuming a reading speed of 250 words per minute. Learn more
How does access to credit impact consumption volatility? Theory and evidence from advanced economies suggests that greater household access to finance smooths consumption. Evidence from emerging markets, where consumption is usually more volatile than income, indicates that financial reform further increases the volatility of consumption relative to output. We address this puzzle in the framework of an emerging economy model in which households face shocks to trend growth rate, and a fraction of them are credit constrained. Unconstrained households can respond to shocks to trend growth by...
Credit Constraints, Productivity Shocks and Consumption Volatility in Emerging Economies by Rudrani Bhattacharya is 33 pages long, and a total of 8,349 words.
This makes it 11% the length of the average book. It also has 10% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 45 minutes to read Credit Constraints, Productivity Shocks and Consumption Volatility in Emerging Economies aloud.
Credit Constraints, Productivity Shocks and Consumption Volatility in Emerging Economies is suitable for students ages 8 and up.
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