Montiel, Peter (contributor); Servén, Luis (contributor) - 2008
high saving rate to a high
growth rate driven by capital accumulation. Bernanke (2005), for
example, argues that, in … by maintaining a depreciated real
exchange rate. In Bernanke
í
s view, therefore, causation runs from a
high saving … direction of causation emphasized by
Bernanke, other analysts have devised models in which an explicit
policy of pursuing a …