The Aggregate Impact of Household Saving and Borrowing Constraints: Designing a Field Experiment in Uganda
构建了一个考虑多重需求和约束的家庭模型，分析放松信贷约束对发展中国家的总体经济影响，并通过乌干达的实地实验评估模型的相关性。
We develop a model of households with multiple needs (smoothing shocks, financing investment) and constraints (limited credit, self-control issues) in order to examine the nature of household's financing constraints in a developing country, and the impact of relaxing them. We show that increased access to credit has very different implications for the aggregate model economy depending on its form: asset-financed or cash. We then illustrate how a short-term increase in access to loans leads to very distinct behavior in the short run. The relevance of the model can be evaluated using a field experiment, which we are currently implementing in Uganda.