Financial deregulation and Irish consumption behaviour
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, pp1-41Download Item:
jssisiVolXXVII_141.pdf (PDF) 108.7Kb
Abstract:
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 1995/1996Publisher:
Statistical and Social Inquiry Society of IrelandType of material:
Journal articleSeries/Report no:
Journal of the Statistical and Social Inquiry Society of IrelandVol. XXVII, Pt.III, 1995/1996
Availability:
Full text availableKeywords:
Financial deregulation, Liquidity constraintsISSN:
00814776Licences: