Showing 1 - 10 of 105
The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting …
Persistent link: https://www.econbiz.de/10011142116
India’s real GDP growth slipped substantially after the North Atlantic financial crisis. Return to a sustained high growth trajectory is feasible but it will need much more focused attention to the revival of manufacturing and to the acceleration of investment in transport and...
Persistent link: https://www.econbiz.de/10011242441
reassess national savings behavior, with greater prominence and more careful consideration given to the role played by changing … literature. Going further, we simulate global savings behavior based on our framework and find that China’s demographics should … decades, individual countries’ convergence toward the simulated savings pattern will be influenced by their past divergences …
Persistent link: https://www.econbiz.de/10011142029
We study the effects of permanent and temporary income shocks on precautionary saving and investment in a "store-or-sow" model of growth. High volatility of permanent shocks results in high precautionary saving in the safe asset and low investment, or a "volatility trap." Namely, big savers...
Persistent link: https://www.econbiz.de/10011242299
countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher …
Persistent link: https://www.econbiz.de/10011242354
Current account deficits imply increasing liabilities to the rest of the world. External sustainability then depends on whether these can be met in the future without defaulting, i.e., normally through trade account surpluses. To run such surpluses without a fall in consumption, capital inflows...
Persistent link: https://www.econbiz.de/10010790435
Persistent link: https://www.econbiz.de/10005767379
/accountability; and enhanced private savings and financial intermediation. There is some evidence that, above a ratio of 35% percent of …
Persistent link: https://www.econbiz.de/10005768875
The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis of empirical age-earnings profiles using a life-cycle approach. The paper's objectives are...
Persistent link: https://www.econbiz.de/10005769220
Persistent link: https://www.econbiz.de/10005769368