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Domestic Savings and International Capital Flows
Feldstein, Martin - 1979
How internationally mobile is the world's supply of capital? Does capital flow among industrial countries to equalize …
Persistent link: https://www.econbiz.de/10012478839
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Domestic Saving and International Capital Flows Reconsidered
Taylor, Alan M. - 1994
A long literature since Feldstein and Horioka's seminal contribution documents the strong correlation of domestic saving and investment rates since the 1960s. According to conventional wisdom, the result provides evidence of international capital market imperfections. The macroeconomic theory of...
Persistent link: https://www.econbiz.de/10012474015
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Domestic Saving and International Capital Movements in the Long Run and the Short Run
Feldstein, Martin - 1982
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 …
Persistent link: https://www.econbiz.de/10012478160
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Capital Flows, Consumption Booms and Asset Bubbles : A Behavioural Alternative to the Savings Glut Hypothesis
Laibson, David - 2010
Bernanke (2005) hypothesized that a "global savings glut" was causing large trade imbalances. However, we show that the … global savings rates did not show a robust upward trend during the relevant period. Moreover, if there had been a global … savings glut there should have been a large investment boom in the countries that imported capital. Instead, those countries …
Persistent link: https://www.econbiz.de/10012462896
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The Feldstein-Horioka fact
Giannone, Domenico - 2009
This paper shows that general equilibrium effects can partly rationalize the high correlation between saving and investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving-retention coefficient remains high in the 70's but decreases...
Persistent link: https://www.econbiz.de/10012463130
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National Saving and International Investment
Feldstein, Martin - 1989
a smaller effect than would have been observed in the 1960s and 1970s. The savings retention coefficient for the 1980 …
Persistent link: https://www.econbiz.de/10012475877
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Risk Sharing through Capital Gains
Balli, Faruk - 2011
OECD countries 1992-2007. We focus on risk sharing through savings, factor income flows, and capital gains. Risk sharing …
Persistent link: https://www.econbiz.de/10012461045
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A Tractable Model of Precautionary Reserves, Net Foreign Assets, or Sovereign Wealth Funds
Carroll, Christopher D. - 2009
We model the motives for residents of a country to hold foreign assets, including the precautionary motive that has been omitted from much previous literature as intractable. Our model captures many of the principal insights from the existing specialized literature on the precautionary motive,...
Persistent link: https://www.econbiz.de/10012463421
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On Secular Stagnation in the Industrialized World
Rachel, Łukasz - 2019
We argue that the economy of the industrialized world taken as a whole is currently - and for the foreseeable future …
Persistent link: https://www.econbiz.de/10012480142
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Taxes and the Global Allocation of Capital
Backus, David - 2007
Despite enormous growth in international capital flows, capital-output ratios continue to exhibit substantial heterogeneity across countries. We explore the possibility that taxes, particularly corporate taxes, are a significant source of this heterogeneity. The evidence is mixed. Tax rates...
Persistent link: https://www.econbiz.de/10012465015