Liquidity constraints and precautionary saving

DOI10.1016/J.JET.2021.105276zbMath1470.91140OpenAlexW3146246724MaRDI QIDQ2044986

Martin Blomhoff Holm, Miles S. Kimball, Christopher D. Carroll

Publication date: 11 August 2021

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2021.105276

zbMATH Keywords

uncertaintyprecautionary savingliquidity constraints

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42)

Related Items (1)

On the existence and uniqueness of stationary equilibrium in Bewley economies with production

Cites Work

• An optimal control solution to the liquidity constraint problem
• Consumption with liquidity constraints: an analytical characterization
• An analytical solution to the inverse consumption function with liquidity constraints
• On the Concavity of the Consumption Function
• Precautionary Savings, Illiquid Assets, and the Aggregate Consequences of Shocks to Household Income Risk
• Risk Aversion in the Small and in the Large

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