-tradable goods, in both consumption and investment. Other innovations in this paper are an outward-looking model of utility, a … and consumption demands. The model is solved by finding optimal paths of investment and consumption from an initial steady … population ageing on optimal national saving and average living standards over the next 100 years. There are several innovations …

consideration of possible time paths for savings, consumption, debt, and other relevant macroeconomic variables; nor have explicit … choosing time paths through the use of a Ramsey-Solow model of optimal saving, adapted for investigating problems of population … envisaged by current policy. The cost of ageing in terms of reduced real consumption is not large enough to justify large …

SAVING DOES NOT EQUAL INVESTMENT John Maynard Keynes confused economists and politicians all over the world when he … wrote, “Saving is necessary to equal investment” together with a few equations to confirm his idea and finally concluding … that S = I. There have been repeated discussions about how saving can equal investment, accidentally or with certainty. We …

correlation between the return on housing investment and consumption not only implies positive relationship between the portfolio … share of housing investment and excess return but also renders the housing wealth inappropriate in consumption smoothing. We …A house is generally considered as a 'roof over one's head', however, housing can be regarded as an investment or asset …

have an incentive to signal that he is in great need by saving more than he otherwise would have done. …

interest rates are currently the outcome of domestic saving and investment imbalances, and are less due to a risk premium being … imposed by foreign investors. That is, New Zealand’s low rate of saving relative to investment make higher real interest rates …

sources of this capital? We are talking about household saving, now. In the relation with the development of rural industries … there is a need to explore the behavior of this kind of saving in order to increase the role of rural financial institutions … saving more in the non-bank financial institution than in the banking institution, included the Village Units of Bank Rakyat …