OECD countries 1992-2007. We focus on risk sharing through savings, factor income flows, and capital gains. Risk sharing …We estimate channels of international risk sharing between European Monetary Union (EMU), European Union, and other … through factor income and capital gains was close to zero before 1999 but has increased since then. Risk sharing from capital …

This paper reviews theoretical argumrents and empirical evidence regarding the interest elasticity of savings. It … savings. Moreover, the empirical rrethods used in most previous studies are likely to produce underestimates of the … interestelasticity of savings. New evidence based on direct estimation of utility function parameters suggests that savings are likely to …

Data for world savings rates do not suggest that an aggregate glut of world savings has depressed US and international … interest rates in recent years. Unusual but offsetting changes in savings rates have been limited to three regions: sharp … increased very little. There are two important features of this change in regional savings behavior. First, three-quarters of …