How does risk affect saving? Empirical work typically examines the effects of detectible differences in risk within the … data. How these differences affect saving in theoretical models depends on the metric one uses for risk. For labor …-income risk, second-degree increases in risk require prudence to induce increased saving demand. However, prudence is not …

savings and, thus, income and welfare, in a closed economy with unfunded pension system based on defined contributions …

We discuss the sustainability of Chinese high growth relative to growth experience elsewhere, and specifically Soviet … sustainability of high Chinese growth …

revolution and the sustainability of empire come to depend on the capacity of the rebel colony to access international markets …

I define “generous sustainability” as a combination of two conditions: neither instantaneous maximin income nor … compared to existing sustainability concepts. As a rule of thumb, generosity requires that GHG emissions are limited to levels …

fiscal sustainability, for 27 countries of the European Union. We first calculate tax gaps à la Blanchard (1990) and … risk of a systemic bank crisis. The first one relies of microeconomic data at the bank level. The second one relies on … one. Hence we believe that the combined use of these two methodologies helps to gauge the range of fiscal risk …

Fiscal sustainability tests have largely ignored the institutional setting of fiscal policy making. Fiscal equalization … policies taking into account fiscal equalization transfers. Using panel data techniques we assess fiscal sustainability by …