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The Neoclassical Growth Model with Heterogeneous Quasi-Geometric Consumers
neoclassical growth model time inconsistency quasi-geometric discounting hyperbolic discounting idiosyncratic shocks wealth inequality
2015/7/21
This paper investigates how the assumption of quasi-geometric (hyperbolic) discounting affects the distributional implications of the standard one-sector
neoclassical growth model with infinite...
Banking Law Reform and Users-Consumers in Developing Economies: Creating an Accessible and Equitable Consumer Base from the "Excluded"
banking sector legal reform efforts developing countries consumer protection issues
2011/9/30
The article evaluates banking sector legal reform efforts in developing countries since 1990. It also discusses consumer protection issues in banking sectors of developing countries. Recent selective ...
In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act created a new federal agency, the Consumer Financial Protection Bureau, to improve the functioning of consumer financial services...