Plausibly Exogenous [1539] - EIS (04/19/2024)
LHS Variable
Consumption behavior
RHS Variable
Interest rate
Source of Exogenous Variation
New Indian banking legislation authorized banks to offer higher interest rates on deposits to citizens above 60 years of age
- Kapoor and Ravi (2017), “Elasticity of Intertemporal Substitution in Consumption in the Presence of Inertia: Empirical Evidence from a Natural Experiment”