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United Kingdom. Mortgage market liberalization and innovation should reduce household cash flow and collateral constraints …
Persistent link: https://www.econbiz.de/10005263776
This paper calculates the levels of optimal national saving, investment, and the current account balance for five Asian …
Persistent link: https://www.econbiz.de/10005826103
by comparing its GDP components and its saving and investment performance with those of 10 faster-growing countries. The … study finds that sluggish investment has undermined growth since 1996 and that the underinvestment is in part explained by … limited saving. Thus, over the last decade, interactions between investment, saving, and production may have perpetuated slow …
Persistent link: https://www.econbiz.de/10005826291
This paper examines the macroeconomic implications of life-cycle and dynastic saving behavior for closed and small, open economies. Using an extended version of Blanchard’s overlapping agents model, the analytical framework nests these two competing views, treating agents as either dynastic...
Persistent link: https://www.econbiz.de/10005826319
Tax or debt financing of a given rate of government expenditures would, according to the now well-known Ricardian Equivalence proposition, have equivalent effects on aggregate demand. Among the reasons for a deviation from the equivalence is the possibility that the government and the private...
Persistent link: https://www.econbiz.de/10005599233
China is poised on the brink of a transition to a service-based economy. The Japanese experience of the 1980s provides several insights about the way to manage such a transition and the downsides to avoid. In particular Japan offers useful insights on (1) the limits to an export-oriented growth...
Persistent link: https://www.econbiz.de/10008777026
relative rise of the U.S. savings rate is helping narrow global imbalances. But with a likely earlier recovery in the U …
Persistent link: https://www.econbiz.de/10008561067
-sustaining in coastal provinces, in large part because investment here tends to benefit household incomes more than corporates. If … spillovers to household income and consumption. In this context, investment in agriculture and services is found to be superior …This paper proposes a possible framework for identifying excessive investment. Based on this method, it finds evidence …
Persistent link: https://www.econbiz.de/10011242435
Persistent link: https://www.econbiz.de/10005264269
Persistent link: https://www.econbiz.de/10005767379