Showing 1 - 10 of 414
The optimal provision of loan guarantees or deposit insurance is examined in the context of an overlapping generations model. It is demonstrated that even in the face of a market imperfection that precludes diversification of the private sector’s loan portfolio to eliminate risk, full...
Persistent link: https://www.econbiz.de/10014395814
This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over …
Persistent link: https://www.econbiz.de/10014396226
This paper examines whether financial deregulation in the 1980s has reduced the importance of liquidity constraints in consumption patterns. Data for six industrialized countries are used to estimate a simple model incorporating liquidity constraints and forward looking behavior. It is concluded...
Persistent link: https://www.econbiz.de/10014396051
This paper extends recent work by Feldstein and Horioka (1980) and Bayoumi (1990), and examines saving-investment … non-EMS countries. It is seen that the EMS countries exhibit much lower saving-investment correlations than their non …
Persistent link: https://www.econbiz.de/10014396141
, the limited tools available to policymakers to affect savings are discussed. Finally, the extent to which recent tax …
Persistent link: https://www.econbiz.de/10014396192
among the factors that have contributed most to delaying the private sector’s investment response and preventing a …
Persistent link: https://www.econbiz.de/10014396459
This paper examines the extent of international financial integration, and its consequences for the current account. The evidence indicates that financial liberalization in the 1970s and 1980s has resulted in a substantial movement towards closer integration of world capital markets. By reducing...
Persistent link: https://www.econbiz.de/10014395900
composition of savings and investment. The paper suggests various specific tax measures that would not only raise government … revenue but also enhance the efficiency of savings and investment …This paper explores how tax policy affects the level and allocation of national savings in the United States. It argues …
Persistent link: https://www.econbiz.de/10014395849
The U.S. national savings rate has declined in the 1980s, with both public and private components falling. This paper … discusses that decline and whether a policy response is needed. The drop in the private savings rate appears to reflect factors … national savings. Illustrative calculations based on two alternative frameworks indicate that a net national saving rate …
Persistent link: https://www.econbiz.de/10014395902
This paper examines the relative efficacy of cuts in government spending on goods and services and increases in taxation as tools for augmenting national saving--an issue related to Ricardian equivalence. The theoretical analysis shows little presumption in favor of spending cuts for this...
Persistent link: https://www.econbiz.de/10014396058