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privatization effects on savings in Eastern Europe, with limited evidence of positive savings effects in Latin America. These …
Persistent link: https://www.econbiz.de/10011536201
utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake - this is …
Persistent link: https://www.econbiz.de/10010515458
Persistent link: https://www.econbiz.de/10003624024
Persistent link: https://www.econbiz.de/10003599469
In this paper we test the well-known hypothesis of Obstfeld and Rogoff (2000) that trade costs are the key to explaining the so-called Feldstein-Horioka puzzle. Using a gravity framework in an intertemporal context, we provide strong support for the hypothesis and we reconcile our results with...
Persistent link: https://www.econbiz.de/10003120614
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 …
Persistent link: https://www.econbiz.de/10012485326
high-productivity firms for investment and productivity enhancement, the latter suggests credit misallocation towards … exhibit a significant investment boost despite receiving more loans. However, these high-productivity firms displayed positive …
Persistent link: https://www.econbiz.de/10014334373
of long-term care subsidies on savings is far from clear. In this paper we take advantage of a policy intervention to … study the effect on savings and savings behaviour of the progressive introduction of a public long-term care subsidy … Spanish old-age dependants to obtain care support, and was orthogonal to household savings. We draw on a difference …
Persistent link: https://www.econbiz.de/10011547941
reason is that prices for the two most important long-term savings objectives - housing and healthcare - are rising …-term savings objectives and see purchasing power decline, or they compromise financial security and invest in highly volatile …
Persistent link: https://www.econbiz.de/10011497972
In this paper we analyze the relationship between unemployment and consumption. We study this relationship with panel data on households in five countries: Spain and Italy (the South), and Germany, Britain, and the US (the North). Our empirical results indicate that an increase in the duration...
Persistent link: https://www.econbiz.de/10009781654