BORROWING CONSTRAINTS AND THE MARGINAL PROPENSITY TO CONSUME

Borrowing Constraints and the Marginal Propensity to Consume

Available evidence suggests that the average marginal propensity to consume (MPC) from the 2001 tax rebate in the US was not nearly as large as that from previous tax cuts.We examine if this phenomenon can be explained by the fact that the widespread use of credit cards has made borrowing accessible for most US households by constructing a model th

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Effect of Al Content on Texture Evolution and Recrystallization Behavior of Non-Flammable Magnesium Sheet Alloys

The effect of Al content on the texture evolution and recrystallization behavior of the non-flammable Mg sheet alloys containing Ca and Y was investigated in this study.With a decrease in the Al content from 3 wt.% to 1 wt.%, the amounts of the other alloying elements dissolved in the matrix, especially Ca, Network Signal Extend Wire are increased.

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