Several recent studies have suggested that empirical rejections of the permanent income/life cycle model might be due to the existence of liquidity constraints. This paper tests the permanent income ...

The Canadian Journal of Economics / Revue canadienne d'Economique, Vol. 28, No. 4b (Nov., 1995), pp. 1135-1152 (18 pages) This paper considers a general permanent-income model in which a fraction of ...

How does access to credit impact consumption volatility? Theory and evidence from advanced economies suggests that greater household access to finance smooths consumption. Evidence from emerging ...

The constraint management model identifies performance standards for employees and seeks to improve operational efficiency. A business using constraint management requires structured schedules for ...

Snowflake Inc. stock has been a strong gainer in software after posting outsized fiscal Q3 results and a raised outlook for the current period. The combination of emerging AI tailwinds, as well as new ...