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This essay discusses the reasons for and implications of the decline in real interest rates around the world over the past several decades. It suggests that the decline in interest rates is largely explicable from trends in saving, growth, and markups. In this environment, greater government...
Persistent link: https://www.econbiz.de/10013210052
scarcity of saving in LATAM, thereby increasing investment and growth. Yet, the data and several case studies suggest that the … savings and investments were taxed in an arbitrary and unpredictable way, the credibility of a new regime could not be assumed … saving and investment rates tends to be a time consuming process. This also suggests that greater political instability and …
Persistent link: https://www.econbiz.de/10012467540
Increasing the rate of saving is an important priority for many emerging market countries. This paper focuses on Mexico … and discusses a variety of policies through which the government of Mexico could stimulate a higher rate of saving. These …
Persistent link: https://www.econbiz.de/10012471877
developing countries and emerging markets. This suggests that the lack of domestic savings is not the primary constraint on …
Persistent link: https://www.econbiz.de/10012464595
region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment … growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India … and Vietnam. <br> <br>To examine the global implications of domestic growth patterns in Asia, I analyze saving-investment …
Persistent link: https://www.econbiz.de/10012463480
savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and …
Persistent link: https://www.econbiz.de/10012460970
Argentina's policy of devaluation with redenomination in 2002, in contrast to Mexico's policy of devaluation without debt … benefited high-dollar debtors, as shown in these firms' investment behavior, especially non-tradables firms whose revenues in … dollar terms were adversely affected by devaluation. That investment behavior contrasts with the experience of Mexican firms …
Persistent link: https://www.econbiz.de/10012466017
A wide range of empirical applications rely on linear approximations to dynamic Euler equations. Among the most notable of these is the large and growing literature on precautionary saving that examines how consumption growth and saving behavior are affected by uncertainty and prudence. Linear...
Persistent link: https://www.econbiz.de/10012471817
) stock market valuation ratios have increased only moderately; (3) investment has been lackluster. We use a simple extension … traditional culprits of increasing savings supply and technological growth slowdown …
Persistent link: https://www.econbiz.de/10012480933
with lower returns on financial wealth, households with high levels of financial wealth must increase savings to afford the …
Persistent link: https://www.econbiz.de/10012496167