Artige, Lionel; Cavenaile, Laurent - Centre de Recherche en Économie Publique et de la … - 2012
countries generating large global imbalances. This paper builds a two-country neoclassical growth model, which takes public … saving into ac- count. Calibrated on IMF data and forecasts between 1981 and 2016, the model rightly predicts the reversal … the neoclassical growth model when it focuses on national saving and not only on private savings. …