lead to large welfare gains. Inflation is introduced in section 1.4, and alternative approaches to modeling savings … on savings. Our analysis will be highly simplified. We shall ignore many of the issues stressed by the Meade Committee …

We analyze the interest rate and savings effects of fiscal policy in an overlapping generations framework that … accommodates two observations: (1) The interest rate on consumption loans exceeds the rate of return to household savings. (2 … treatment of interest payments has powerful effects on capitals? marginal product and aggregate savings in life-cycle and …

This paper discusses recent neoclassical analyses of taxation and savings.Contrary to the popular view that fiscal … policy has highly ambiguous impacts on savings, neoclassical models admit a host of policies with clear and potentially quite … quantitative affect on savings.The essential elements of these policies involve inter- and intragenerational redistribution …

. Theoretical analysis using a variety of standard models tends to suggest that the aggregate response to savings incentives is … response of savings to changes in the rate of return …

This paper develops a perfect foresight general equilibrium simulation model of life cycle savings that may be used to … investigate the potential impact of a wide range of government policies on national savings and economic welfare. The model can …

This study examines the potential effects on personal savings of alternative types of tax rules. The analysis makes use … of two extensive samples of information on individual savings and financial income: the 1972 Consumer Expenditure Survey … would permit all tax-payers to make tax deductible contributions to individual savings accounts. The interest and dividends …

This paper examines the effect of exogenous shocks to savings on world capital markets. Using the exogenous shocks to … US tax policy identified by Romer & Romer, we trace the impact of an exogenous shock to savings through the income … changes in private savings (Ricardian equivalence is not complete). We also find that only a small amount of the resulting …