IDEAS home Printed from https://ideas.repec.org/p/ctl/louvre/1997024.html
   My bibliography  Save this paper

Structure des taux d’intérêt et consommation

Author

Listed:
  • Frédéric APRAHAMIAN

    (GREQAM, Marseille et Université de Toulon du Var)

  • Georges FIORI

    (GREQAM, Marseille et Université d’Aix-Marseille II)

  • Philippe MICHEL

    (IUF, GREQAM, Marseille et CORE, Université Catholique de Louvain)

Abstract

Sous l’hypothèse de prévisions parfaites et en horizon infini, nous proposons un modèle des choix de consommation d’un agent représentatif dont le revenu, à chaque période, se compose de son salaire et du rendement du stock d’actifs qu’il détient. Une partie de sa consommation est financée par la monnaie et le solde éventuel par un crédit à la consommation. Nous montrons que l’agent peut faire appel au crédit alors qu’il détient des actifs dont le rendement est inférieur au taux d’emprunt. Nous mettons en évidence l’effet positif sur la consommation. Ce résultat est confirmé par une étude empirique portant sur des données trimestrielles françaises

Suggested Citation

  • Frédéric APRAHAMIAN & Georges FIORI & Philippe MICHEL, 1997. "Structure des taux d’intérêt et consommation," Discussion Papers (REL - Recherches Economiques de Louvain) 1997024, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    • Handle: RePEc:ctl:louvre:1997024
    as

    Download full text from publisher

    File URL: http://sites.uclouvain.be/econ/DP/REL/1997024.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ctl:louvre:1997024. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sebastien SCHILLINGS (email available below). General contact details of provider: https://edirc.repec.org/data/iruclbe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.