Consumption booms have been common in both industrial and developing countries, and several explanations have been offered for their occurrence. These include economy wide wealth effects associated with favorable movements in the terms of trade or euphoric expectations triggered by macroeconomic reforms, Ricardian effects associated with fiscal stabilization, lending booms following financial liberalization, and a variety of distortions in inter-temporal...
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INFORMATION
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2000/09/01
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Article de revue
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77328
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1
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1
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2013/05/21
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Disclosed
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What drives consumption booms?
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consumption