Financial deregulation and Irish consumption behaviour
Item Type:Journal article
Citation:Lucey, Siobhan. 'Financial deregulation and Irish consumption behaviour'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. XXVII, Pt.III, 1995/1996, pp1-41
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The objective of this study is to assess whether financial deregulation has had a statistically significant effect on Irish consumption behaviour. Specifically, the study asks whether financial deregulation has affected consumption behaviour by reducing liquidity constraints. Formal stability tests are used to test for diminished liquidity constraints as indicated by a decrease in the excess sensitivity of consumption to current income. Some evidence is presented to suggest that Irish liquidity constraints diminished in the 1980s compared with the 1960-70s, but the decline is small and is not (as yet) statistically significant.
Description:Read before the Society, 12 October 1995 - This lecture is delivered under the auspices of the Barrington Trust (founded by the bequest of John Barrington, Esq.) with the collaboration of the Journal of the Statistical and Social Inquiry Society of Ireland.
Author: Lucey, Siobhan
Other Titles:Barrington Lecture 1995/1996
Publisher:Statistical and Social Inquiry Society of Ireland
Type of material:Journal article
Series/Report no:Journal of the Statistical and Social Inquiry Society of Ireland
Vol. XXVII, Pt.III, 1995/1996
Availability:Full text available