How Does the Sensitivity of Consumption to Income Vary Over Time? : International Evidence

This paper studies how the sensitivity of consumption to income has changed over time as the degree of financial integration has risen. In standard theory, greater financial integration facilitates international borrowing and lending, helping to re...

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Bibliographic Details
Main Authors: Islamaj, Ergys, Kose, M. Ayhan
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
GDP
Online Access:http://documents.worldbank.org/curated/en/2016/05/26330512/sensitivity-consumption-income-vary-over-time-international-evidence
http://hdl.handle.net/10986/24234