MIT 14.772 Development Economics: Macroeconomics, Spring 2013
View the complete course: http://ocw.mit.edu/14-772S13
Instructor: Robert Townsend
In this lecture, Prof. Townsend reviews the research about dynamic financial constraints.
Chapters
0:00:00 Title slates
0:00:27 Overview of literature on financial constraints
0:05:55 Different potential regimes
0:07:05 Estimation techniques for determining which regime is the best fit
0:09:30 Main findings and discussion of data requirements
1:08:50 Importance of financial regime for welfare outcomes
License: Creative Commons BY-NC-SA
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