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The U.S. national savings rate has declined in the 1980s, with both public and private components falling. This paper … discusses that decline and whether a policy response is needed. The drop in the private savings rate appears to reflect factors … national savings. Illustrative calculations based on two alternative frameworks indicate that a net national saving rate …
Persistent link: https://www.econbiz.de/10014395902
incorporate the effects of macroeconomic uncertainty on private savings behavior. It is shown that the greater the uncertainty in … savings and, other things equal, the larger is the current account surplus. Empirical support for the model is found using …
Persistent link: https://www.econbiz.de/10014396005
This paper examines the relative efficacy of cuts in government spending on goods and services and increases in taxation as tools for augmenting national saving--an issue related to Ricardian equivalence. The theoretical analysis shows little presumption in favor of spending cuts for this...
Persistent link: https://www.econbiz.de/10014396058
This paper extends recent work by Feldstein and Horioka (1980) and Bayoumi (1990), and examines saving-investment correlations for industrial countries in the post-war period. The focus of the enquiry is on differences observed between EMS and non-EMS countries. It is seen that the EMS countries...
Persistent link: https://www.econbiz.de/10014396141
, the limited tools available to policymakers to affect savings are discussed. Finally, the extent to which recent tax …
Persistent link: https://www.econbiz.de/10014396192
This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over time. It is concluded that the main reason for the observed high correlations over the recent period is probably government policy
Persistent link: https://www.econbiz.de/10014396226
This paper assesses empirically the role of public policies in stimulating private savings and investment in sub … effective in stimulating private savings and investment include those that keep the rate of inflation low, reduce macroeconomic … government savings are only partially offset by increases in private savings …
Persistent link: https://www.econbiz.de/10014396277
problem sharply increases the payoff from accelerating the structural reform process. Regarding savings, critical aspects are … the changes in methods of financing resulting from economic reform, and the availability of foreign savings, both in the …
Persistent link: https://www.econbiz.de/10014396376
Despite Mexico’s recent remarkable progress in adjusting its fiscal and external accounts and in restructuring its economy, the recovery of growth has remained elusive. This paper reviews some aspects of Mexico’s recent performance and suggests that systemic adjustment uncertainty, and...
Persistent link: https://www.econbiz.de/10014396459
Household savings behavior in China during the past 30 years has been studied by using econometric models with the time …
Persistent link: https://www.econbiz.de/10014396466