Similar Search Results

Yoo, Peter S. - Federal Reserve Bank of St. Louis - 1994

This paper addresses the issue of portfolio risk exposure as a function of age, and it focuses the debate by presenting detailed cross-sectional evidence about individual portfolios. It provides new empirical results that characterized the relationship between age and the risk exposure of...

Persistent link: https://www.econbiz.de/10005360548

Age distributions and returns of financial assets

Yoo, Peter S. - Federal Reserve Bank of St. Louis - 1994

This paper explores the relationship between age distribution and asset returns impled by an overlapping-generations asset pricing model. The model predicts that as more individuals reach the age when the increment to their wealth reaches its maximum, asset returns fall. Cross-sectional evidence...

Persistent link: https://www.econbiz.de/10005352835

Does the United States invest "too little?"

Kirova, Milka S.; Lipsey, Robert E. - Federal Reserve Bank of St. Louis - 1997

The standard measures of nominal capital formation show the United States investing a proportion of GDP much lower than those of other developed countries throughout the last 2 years and falling further behind over time. In contrast, measures we have calculated in real terms across and over time...

Persistent link: https://www.econbiz.de/10005352975

By force of demand: explaining international comovements and the saving-investment correlation puzzle

Wen, Yi - Federal Reserve Bank of St. Louis - 2005

This paper explores the possibility that economic fluctuations may be largely demand-driven. It is shown that the stylized open-economy business cycle regularities documented by Feldstein and Horioka (1980) and Backus, Kehoe and Kydland (1992) can be explained by demand shocks alone even in a...

Persistent link: https://www.econbiz.de/10005707686

U.S. saving

Poole, William - Federal Reserve Bank of St. Louis - 2007

A speech at the CFA Society of Nebraska, Omaha, Neb., Feb. 15, 2007

Persistent link: https://www.econbiz.de/10005420430

Saving and growth under borrowing constraints explaining the "high saving rate" puzzle

Wen, Yi - Federal Reserve Bank of St. Louis - 2009

shows that if households face idiosyncratic wealth-income risk and are borrowing constrained, an otherwise-standard growth … permanent income, so that high income growth can lead to substantially increased saving without high interest rates. The …

Persistent link: https://www.econbiz.de/10008583255

U.S. saving

Poole, William - Federal Reserve Bank of St. Louis - 2007

A speech at the CFA Society of Nebraska, Omaha, Neb., Feb. 15, 2007

Persistent link: https://www.econbiz.de/10011185495

The optimality of nominal income targeting when wages are indexed to price

Bradley, Michael D.; Jansen, Dennis W. - Federal Reserve Bank of St. Louis - 1988

Persistent link: https://www.econbiz.de/10005352811

Modeling U.S. households' demand for liquid wealth in an era of financial change

Collins, Sean; Anderson, Richard G. - Federal Reserve Bank of St. Louis - 1997

Money demand models overpredicted M2 growth in the United States from 1990 to 1993. We examine this overprediction using a model of household demand for liquid wealth. The model is a dynamic generalization of the almost-ideal demand model of Deaton and Muellbauer (1980). We find that the...

Persistent link: https://www.econbiz.de/10005352970

Urban decentralization and income inequality: Is sprawl associated with rising income segregation across neighborhoods?

Wheeler, Christopher H. - Federal Reserve Bank of St. Louis - 2006

Existing research has found an inverse relationship between urban density and the degree of income inequality within … metropolitan areas, suggesting that, as cities spread out, they become increasingly segregated by income. This paper examines this …. The findings indicate that income inequality - defined by the variance of the log household income distribution - does …

Persistent link: https://www.econbiz.de/10005352984