Chamon, Marcos (contributor); Prasad, Eswar S. (contributor) - 2007
using the cross-sectional variation in
provincial inflation rates. Saving rates are higher in provinces with higher … inflation (and, thus,
lower real returns), although this evidence is only suggestive and, even if taken at face value,
points … the life cycle in the U.K.
8
explain much of the increase in income for younger households.
16
This phenomenon of …