Since 2014
Booms de Consumo e Inversión: El Rol del Crédito a las Firmas y de los Hábitos en el Consumo
Economic Analysis Review
View Archive Info| Field | Value | |
| Title |
Booms de Consumo e Inversión: El Rol del Crédito a las Firmas y de los Hábitos en el Consumo
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| Creator |
Pecorari, Natalia
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| Subject |
Investments and consumption booms, credit, financial accelerator, habits.
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| Description |
The purpose of this article is to provide a theoretical study about the mechanisms and channels through which both the credit taken by firms and the existence of habits in consumption, help generate and develop investment and consumption booms after a positive and transitory shock to productivity. An exogenous increase in firms’ profits sets in motion an endogenous process of sustained growth in consumption through what we call the ’wellness effect’. The rising consumption, in turn, reinforces the initial increase in profits in a dynamic feedback interaction. At the same time, the persistent growth in profits causes a fall in the cost of credit over time, which facilitates the development of the boom.
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| Publisher |
Universidad Alberto Hurtado - Facultad de Economía y Negocios
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| Contributor |
—
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| Date |
2017-04-27
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://www.rae-ear.org/index.php/rae/article/view/545
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| Source |
Revista de Análisis Económico - Economic Analysis Review; Vol 32, No 1 (2017); 95-144
Revista de Análisis Económico – Economic Analysis Review; Vol 32, No 1 (2017); 95-144 0718-8870 0716-5927 |
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| Language |
spa
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| Relation |
http://www.rae-ear.org/index.php/rae/article/view/545/596
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| Rights |
Copyright (c) 2017 Revista de Análisis Económico – Economic Analysis Review
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