above the average of emerging market inflation targeting regimes. The adoption of an inflation-targeting regime and better … economic fundamentals (reduction in inflation volatility and improvements in the fiscal and external positions) has helped … converge towards lower equilibrium real interest rates if domestic savings increase to the level of other emerging market …

tap into the pool of both public and private long-term savings in order to channel the latter into much needed …

question of the role that the governments should play in mobilizing savings to ensure a high growth rate must be addressed …. This paper argues that the issue of a good allocation of savings must precede that of mobilization. Much evidence suggests … the institutional changes that will be necessary to ensure a better allocation of savings …

variables move over time and analyzes how they influence macroeconomic variables such as economic growth, inflation, savings and … investment, and fiscal balances, from an empirical perspective. Based on empirical findings-particularly regarding inflation …