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Dissecting saving dynamics : measuring wealth, precautionary, and credit effects

Carroll, Chris; Slacalek, Jirka; Sommer, Martin - 2012

We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious 'buffer stock' model of optimal consumption in the presence...

Persistent link: https://www.econbiz.de/10009622528

Dissecting Saving Dynamics : Measuring Wealth, Precautionary, and Credit Effects

Carroll, Christopher - 2012

We argue that the U.S. personal saving rate’s long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious ‘buffer stock’ model of optimal consumption in the...

Persistent link: https://www.econbiz.de/10014395705

Financial Frictions and Business Cycles in Middle-Income Countries

Guajardo, Jaime - 2008

A standard DSGE small open economy model can not generate the cyclical regularities of middle-income countries. It predicts excessive consumption smoothing, and procyclical, instead of countercyclical, real net exports. Previous studies have solved this problem by increasing the shocks’...

Persistent link: https://www.econbiz.de/10014401285

Credit Constraints, Productivity Shocks and Consumption Volatility in Emerging Economies

Bhattacharya, Rudrani - 2013

How does access to credit impact consumption volatility? Theory and evidence from advanced economies suggests that greater household access to finance smooths consumption. Evidence from emerging markets, where consumption is usually more volatile than income, indicates that financial reform...

Persistent link: https://www.econbiz.de/10014395178

Savings, Growth and Capital Markets Imperfections : The Case of Borrowing Constraints

De Gregorio, Jose - 1993

This paper studies the effects that borrowing constraints have on savings and growth and argues that, though they … increase savings, their effect on growth is ambiguous. Empirical evidence on the extent of borrowing constraints as well as … savings, investment, human capital accumulation and growth performance for industrialized countries is presented. A simple …

Persistent link: https://www.econbiz.de/10014398466

The rich and the Great Recession

Bakker, Bas B.; Felman, Joshua - 2014

Persistent link: https://www.econbiz.de/10010479444

Household deleveraging and saving rates : a cross-country analysis

Bouis, Romain - 2021

Historically high household debt in several economies is calling for a deleveraging, but according to some economists, this adjustment can slow GDP growth by weighing on consumption. Using a sample of advanced and emerging market economies, this paper finds evidence of a negative relationship...

Persistent link: https://www.econbiz.de/10012796301

World saving

Grigoli, Francesco; Herman, Alexander; Schmidt-Hebbel, Klaus - 2014

Persistent link: https://www.econbiz.de/10010441962

Explaining China's Low Consumption : The Neglected Role of Household Income

Aziz, Jahangir - 2007

The Chinese government has recently focused on the need to increase consumption to rebalance the economy. A widely held view is that despite China''s remarkably high growth, the share of consumption in total expenditure has been low and declining due to high and rising saving rate of Chinese...

Persistent link: https://www.econbiz.de/10014400895

Determinants of China's Private Consumption : An International Perspective

Guo, Kai - 2010

creating alternative savings instruments are likely to have the biggest impact on consumption. Other mechanisms to raise …

Persistent link: https://www.econbiz.de/10014402810

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