Lecture 10: Dynamic Financial Constraints

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Description: In this lecture, Prof. Townsend reviews the research about dynamic financial constraints.

Instructor: Prof. Robert M. Townsend

Video Index

  • Overview of literature on financial constraints
  • Different potential regimes
  • Estimation techniques for determining which regime is the best fit
  • Main findings and discussion of data requirements
  • Importance of financial regime for welfare outcomes

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