inheritances. This paper studies the role of various forces affecting savings in quantitative models of wealth inequality …

investment rate and part of the 7 to 8 percentage-point decline in current account surplus since 2008. Finally, we argue that …

, investment in capital goods and a non-traded good. Such an environment is rich enough to explain several phenomena that are … inexplicable in more barren models. We suggest an explanation of why saving and investment may be correlated even with no … restrictions on trade in assets. We explain why a high saving country may nonetheless borrow from abroad to finance investment. We …

This article examines how the availability of annuities affects savings and inequality in economies in which neither … CBS utility function indicate that perfecting annuity insurance can significantly reduce national savings. Indeed, the … savings …

newly produced capital differently from old capital. Policies that do make this distinction are denoted investment policies …, while those that do not are labelled savings policies. While both types of policies alter marginal incentives to accumulate … new capital, investment incentives can generate significant inframarginal redistribution from current holders of wealth to …

increases in domestic savings rates induce approximately equal increases in domestic rates of investment. New estimates for the … flows than to their short-run behavior. Coefficient estimates based on annual variations in savings and investment are … post-OPEC period 1974-79 imply that each extra dollar of domestic saving increases domestic investment by approximately 85 …

, does not allow separation of the savings decisions of agents from the investment decisions of firms. Investment is … equilibrium used in macroeconomics characterizes both the savings-consumption decision and the investment decision, or … essentially passive: the "one good" assumption leads to a perfectly elastic investment supply; the absence of installation costs …

This paper examines the characteristics of and interactions among measures to effect saving and investment incentives … reduction in interest taxation yielding neutrality in the presence of partial expensing of real investment or equivalent … investment incentive …