On Testing the Efficacy of Selective Credit Controls: Comment
Hamburger and Zwick (1979) and Maris (1981) presented tests designed to determine the efficacy of selective credit controls on expenditures on consumer durables. Neither of these tests properly address the issue. The Hamburgerwick equation only captures indirect effects of selective credit controls....
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| Veröffentlicht in: | Journal of money, credit and banking credit and banking, 1983-02, Vol.15 (1), p.120-122 |
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| container_end_page | 122 |
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| container_title | Journal of money, credit and banking |
| container_volume | 15 |
| creator | Molho, Lazaros E. |
| description | Hamburger and Zwick (1979) and Maris (1981) presented tests designed to determine the efficacy of selective credit controls on expenditures on consumer durables. Neither of these tests properly address the issue. The Hamburgerwick equation only captures indirect effects of selective credit controls. It does not allow for differential effects of the flow of credit on expenditure in the current period. Maris applies the Sims test for causality on data on expenditures on durables and changes in consumer credit extensions. No selective credit controls were used during the sample period. Even if controls had been used, causality tests should not be interpreted as providing evidence on their impact. |
| doi_str_mv | 10.2307/1992147 |
| format | Article |
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Even if controls had been used, causality tests should not be interpreted as providing evidence on their impact.</description><identifier>ISSN: 0022-2879</identifier><identifier>EISSN: 1538-4616</identifier><identifier>DOI: 10.2307/1992147</identifier><identifier>CODEN: JMCBBT</identifier><language>eng</language><publisher>Columbus: Ohio State University Press</publisher><subject>Causality ; Consumer credit ; Consumer spending ; Credit control ; Credit control policy ; Credit policies ; Debt service ; Durable goods ; Expenditures ; Financial liabilities ; Installment credit ; Monetary policy ; Notes, Comments, Replies ; Personal debt ; Studies</subject><ispartof>Journal of money, credit and banking, 1983-02, Vol.15 (1), p.120-122</ispartof><rights>Copyright 1983 Ohio State University Press</rights><rights>Copyright Ohio State University Press Feb 1983</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c211t-f753cdd405c197853a665671490da5d653d8d935d435c19fed1c20fd6416ae33</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/1992147$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/1992147$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,780,784,803,27924,27925,58017,58250</link.rule.ids></links><search><creatorcontrib>Molho, Lazaros E.</creatorcontrib><title>On Testing the Efficacy of Selective Credit Controls: Comment</title><title>Journal of money, credit and banking</title><description>Hamburger and Zwick (1979) and Maris (1981) presented tests designed to determine the efficacy of selective credit controls on expenditures on consumer durables. Neither of these tests properly address the issue. The Hamburgerwick equation only captures indirect effects of selective credit controls. It does not allow for differential effects of the flow of credit on expenditure in the current period. Maris applies the Sims test for causality on data on expenditures on durables and changes in consumer credit extensions. No selective credit controls were used during the sample period. Even if controls had been used, causality tests should not be interpreted as providing evidence on their impact.</description><subject>Causality</subject><subject>Consumer credit</subject><subject>Consumer spending</subject><subject>Credit control</subject><subject>Credit control policy</subject><subject>Credit policies</subject><subject>Debt service</subject><subject>Durable goods</subject><subject>Expenditures</subject><subject>Financial liabilities</subject><subject>Installment credit</subject><subject>Monetary policy</subject><subject>Notes, Comments, Replies</subject><subject>Personal debt</subject><subject>Studies</subject><issn>0022-2879</issn><issn>1538-4616</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1983</creationdate><recordtype>article</recordtype><recordid>eNp10MtKw0AUBuBBFIxVfIVBBFfROXNLRnAhoV6g0IXZhzAXTUgydWYq9O2b0m5dnbP4-M_hR-gWyCNlpHgCpSjw4gxlIFiZcwnyHGWEUJrTslCX6CrGnhCiBIcMvawnXNuYuukbpx-Ll851utU77B3-soPVqfuzuArWdAlXfkrBD_F53sbRTukaXbh2iPbmNBeoflvW1Ue-Wr9_Vq-rXFOAlLtCMG0MJ0KDKkrBWimFLIArYlphpGCmNIoJw9lBOGtAU-KM5CBby9gC3R1jN8H_budvm95vwzRfbEAJJpgkckYPR6SDjzFY12xCN7Zh1wBpDs00p2ZmeX-UfUw-_Mv2yiJeKA</recordid><startdate>19830201</startdate><enddate>19830201</enddate><creator>Molho, Lazaros E.</creator><general>Ohio State University Press</general><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>19830201</creationdate><title>On Testing the Efficacy of Selective Credit Controls: Comment</title><author>Molho, Lazaros E.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c211t-f753cdd405c197853a665671490da5d653d8d935d435c19fed1c20fd6416ae33</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1983</creationdate><topic>Causality</topic><topic>Consumer credit</topic><topic>Consumer spending</topic><topic>Credit control</topic><topic>Credit control policy</topic><topic>Credit policies</topic><topic>Debt service</topic><topic>Durable goods</topic><topic>Expenditures</topic><topic>Financial liabilities</topic><topic>Installment credit</topic><topic>Monetary policy</topic><topic>Notes, Comments, Replies</topic><topic>Personal debt</topic><topic>Studies</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Molho, Lazaros E.</creatorcontrib><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Journal of money, credit and banking</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Molho, Lazaros E.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>On Testing the Efficacy of Selective Credit Controls: Comment</atitle><jtitle>Journal of money, credit and banking</jtitle><date>1983-02-01</date><risdate>1983</risdate><volume>15</volume><issue>1</issue><spage>120</spage><epage>122</epage><pages>120-122</pages><issn>0022-2879</issn><eissn>1538-4616</eissn><coden>JMCBBT</coden><abstract>Hamburger and Zwick (1979) and Maris (1981) presented tests designed to determine the efficacy of selective credit controls on expenditures on consumer durables. 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| fulltext | fulltext |
| identifier | ISSN: 0022-2879 |
| ispartof | Journal of money, credit and banking, 1983-02, Vol.15 (1), p.120-122 |
| issn | 0022-2879 1538-4616 |
| language | eng |
| recordid | cdi_proquest_journals_195353606 |
| source | JSTOR Archive Collection A-Z Listing |
| subjects | Causality Consumer credit Consumer spending Credit control Credit control policy Credit policies Debt service Durable goods Expenditures Financial liabilities Installment credit Monetary policy Notes, Comments, Replies Personal debt Studies |
| title | On Testing the Efficacy of Selective Credit Controls: Comment |
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