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Aggregate savings and external imbalances in China

Yang, Dennis Tao - 2012

. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded … distortions. I document major trends in aggregate savings, investment, trade, and net foreign asset positions in China, and … explore options for policy reforms aimed at rebalancing the Chinese economy. -- aggregate savings ; current account ; income …

Persistent link: https://www.econbiz.de/10009656609

Oil price shocks, monetary policy and current account imbalances within a currency union

Baas, Timo; Belke, Ansgar - 2017

For more than two decades now, current-account imbalances are a crucial issue in the international policy debate as they threaten the stability of the world economy. More recently, the government debt crisis of the European Union shows that internal current account imbalances inside a currency...

Persistent link: https://www.econbiz.de/10011785688

Labor market reforms and current account imbalances : beggar-thy-neighbor policies in a currency union?

Baas, Timo; Belke, Ansgar - 2014

Member countries of the European Monetary Union (EMU) initiated wide-ranging labor market reforms in the last decade. This process is ongoing as countries that are faced with serious labor market imbalances perceive reforms as the fastest way to restore competitiveness within a currency union....

Persistent link: https://www.econbiz.de/10010403902

Equipping immigrants : migration flows and capital movements

Lange, Fabian (contributor); Gollin, Douglas (contributor) - 2007

Both policy makers and researchers have devoted considerable attention in recent years to the large current account and capital account imbalances among OECD countries. In particular, the size of the United States current account deficit has attracted intense attention and spawned numerous...

Persistent link: https://www.econbiz.de/10003583929

China's high saving puzzle

Ma, Guonan; Yang, Dennis Tao - 2013

This paper analyzes the causes of rising savings rates for the corporate, government, and household sectors, which have … jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the … Chinese economy are also explored. -- aggregate savings ; current account ; income distribution ; WTO accession ; trade …

Persistent link: https://www.econbiz.de/10009716768

The great recession of 2008 - 2009 : causes, consequences and policy responses

Verick, Sher Singh; Islam, Iyanatul - 2010

Starting in mid-2007, the global financial crisis quickly metamorphosed from the bursting of the housing bubble in the US to the worst recession the world has witnessed for over six decades. Through an in-depth review of the crisis in terms of the causes, consequences and policy responses, this...

Persistent link: https://www.econbiz.de/10003962631

The role of demographics in precipitating crises in financial institutions

Macunovich, Diane J. - 2009

There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...

Persistent link: https://www.econbiz.de/10003900319

Is the deficit under control? : a generational accounting perspective on fiscal policy and labour market trends in Spain

Bonin, Holger; Abío, Gemma; Berenguer, Eduard; Gil, Joan; … - 2001

According to the 2001 Spanish budgetary previsions, the government deficit is about to disappear. We analyse this matter within a generational accounting framework. Accounting for the recent expansive phase of the economic cycle, we find that current fiscal policy is also intertemporally...

Persistent link: https://www.econbiz.de/10011401525

Generational accounting as a tool to assess fiscal sustainability : an overview of the methodology

Bonin, Holger (contributor); Patxot, Concepció (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001893898

Policy responses to fiscal restraints : a difference-in-discontinuities design

Grembi, Veronica; Nannicini, Tommaso; Troiano, Ugo - 2012

We evaluate the effect of relaxing fiscal rules on policy outcomes applying a quasi-experimental research design. In 1999, the Italian central government introduced fiscal rules aimed at imposing fiscal discipline on municipal governments, and in 2001 the rules were relaxed for municipalities...

Persistent link: https://www.econbiz.de/10009656634

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