Financial Deregulation and Consumption in the United Kingdom
利用英国地区数据，研究金融放松管制与消费的关系，发现放松管制显著增强了总消费的前瞻性特征。
The last decade has seen widespread deregulation of domestic financial markets in the United Kingdom. This paper uses regional data to investigate the connection between consumption and financial deregulation. It is concluded that deregulation has led to a significant increase in the forward-looking nature of aggregate consumption. Copyright 1993 by MIT Press.