01507cas a2200241 a 4500 AALejournalIMF009991 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451952605 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. The Effects of Financial Deregulationon Consumption. Washington, D.C. : International Monetary Fund, 1989. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines whether financial deregulation in the 1980s has reduced the importance of liquidity constraints in consumption patterns. Data for six industrialized countries are used to estimate a simple model incorporating liquidity constraints and forward looking behavior. It is concluded that the importance of liquidity constraints fell between the 1970s and the 1980s. This implies that forward looking models of consumer behavior fit the data better in the recent period. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1989/088 Full text available on IMF http://elibrary.imf.org/view/journals/001/1989/088/001.1989.issue-088-en.xml IMF e-Library