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題名:Consumption and Credit Market: Evidence from Taiwan
書刊名:中國統計學報
作者:Wu, Chung-shuFan, Chih-ping
出版日期:2007
卷期:45:4
頁次:頁355-371
主題關鍵詞:ConsumptionCreditExcess sensitivityLiquidity constraintKalman filter
原始連結:連回原系統網址new window
相關次數:
  • 被引用次數被引用次數:期刊(2) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:2
  • 共同引用共同引用:0
  • 點閱點閱:29
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.
期刊論文
1.Campbell, John Y.、Mankiw, N. Gregory(1991)。The Response of Consumption to Income--a Cross-Country Investigation。European Economic Review,35(4),723-767。  new window
2.Chan, V. L.、Hu, S. C.(1996)。The response of consumption to current income: the evidence from Taiwan。Academia Economic Papers,24(2),187-214。  new window
3.Chan, V. L.、Yeh, C. C.(1998)。Consumption and liquidity constrains: evidence from Taiwan。Academia Economic Papers,26,157-187。  new window
4.Flavin, M.(1981)。The adjustment of consumption to change expectations about future income。Journal of Political Economy,89,974-1009。  new window
5.Flavin, M.(1985)。Excess sensitivity of consumption to current income: liquidity constraints of Myopia。Canadian Journal of Economics,18,117-136。  new window
6.King, M. A.(1986)。Capital Market "Imperfection" and the Consumption Function。Scandinavian Journal of Economics,88,59-83。  new window
7.Lin, J. L.、Wu, C. S.、Chen, S. W.(1999)。Financial assets and savings: the case of Taiwan。Academia Economic Papers,27,81-102。  new window
8.McKiernan, B.(1996)。Consumption and the credit market。Economics Letters,51,83-88。  new window
9.Wu, T. M.(1989)。Seasonality and the permanent income hypothesis。Taiwan Economic Review,17,43-60。  new window
10.Campbell, John Y.、Mankiw, N. G.(1990)。Permanent income, current income, and consumption。Journal of Business and Economics Statistics,8(3),265-279。  new window
11.MacKinnon, James G.(1996)。Numerical Distribution Functions for Unit Root and Cointegration Tests。Journal of Applied Econometrics,11(6),601-618。  new window
12.Dickey, David A.、Fuller, Wayne A.(1981)。Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root。Econometrica: journal of the Econometric Society,49(4),1057-1072。  new window
13.Dickey, David A.、Fuller, Wayne A.(1979)。Distribution of the Estimators for Autoregressive Time Series With a Unit Root。Journal of the American Statistical Association,74(366),427-431。  new window
14.Hall, Robert E.(1978)。Stochastic Implications of the Life Cycle-permanent Income Hypothesis: Theory and Evidence。Journal of Political Economy,86(6),971-987。  new window
15.Pagano, Marco、Jappelli, Tullio(1989)。Consumption and Capital Market Imperfections: An International Comparison。The American Economic Review,79(5),1088-1105。  new window
16.Bacchetta, Philippe、Gerlach, Stefan(1997)。Consumption and Credit Constraints: International Evidence。Journal of Monetary Economics,40(2),207-238。  new window
17.Ludvigson, Sydney(1999)。Consumption and Credit: A Model of Time-varying Liquidity Constraints。The Review of Economics and Statistics,81(3),434-447。  new window
圖書
1.Friedman, Milton(1957)。A Theory of the Consumption Function。Princeton, New Jersey:Princeton University Press。  new window
圖書論文
1.Campbell, J. Y.、Mankiw, N. G.(1989)。Consumption, income, and interest rate: reinterpreting the time series evidence。NBER Macroeconomics Annual。Cambridge:MIT Press。  new window
 
 
 
 
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