asymmetries of savings out of factor incomes. This generalized model helps to shed new light on a recent debate concerning the … the particular savings hypothesis. However, if savings out of capital income are substantial so that a certain threshold …

This paper scrutinizes the role of prolonged, expansionary monetary policy on the savings behavior of Japanese … households, focusing on the dramatic change of the household savings rate since 1998, from high to low savings. The literature … monetary policy had a significant impact on Japan’s household behavior via the interest rate channel and the redistribution …

We find that inflation did not unanimously decrease savings in the US during the postwar period. This result is …

We consider a simple, two period, consumption-savings model with future income uncertainty that examines the interplay … of savings, precautionary savings, loss aversion, and risk. We provide the relevant theory, followed by empirical tests … present bias. We predict, and show empirically, that loss aversion reduces savings, and that those who are more loss averse …

for the future (global savings glut). Low growth is linked to slowing population growth and a declining marginal … efficiency of investment as well as to declining fixed capital investment due to digitalization (secular stagnation). In contrast … stimulate growth. This paralyzed investment and growth in the long term. We show that the ability of banks to extend credit ex …

the global saving glut, and it has not been associated with an increase in investment. Instead, the saving glut of the …

We study optimal savings in continuous time with exogenous transitions between employment and unemployment as the only …

Incomplete markets models imply heterogeneous household savings behaviour which in turn generates pecuniary … in the population, these savings externalities may contribute to inequality. Working with an open economy heterogenous … earnings processes of British households with university and non-university educated heads entail savings externalities that …