Similar Search Results

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

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 U.S. Public Debt : Implications for Growth

Asilis, Carlos M. - 1994

The increase in the U.S. public debt over the past twelve years raises questions about its implications for investment and economic growth. This paper places these developments within an international and historical context and quantitatively examines the implications of various measures of the...

Persistent link: https://www.econbiz.de/10014396152

Sovereign Debt Markets in Turbulent Times : Creditor Discrimination and Crowding-Out

Broner, Fernando - 2013

In 2007, countries in the Euro periphery were enjoying stable growth, low deficits, and low spreads. Then the financial crisis erupted and pushed them into deep recessions, raising their deficits and debt levels. By 2010, they were facing severe debt problems. Spreads increased and,...

Persistent link: https://www.econbiz.de/10014394354

Government Debt, Life-Cycle Income and Liquidity Constrains : Beyond Approximate Ricardian Equivalence

Symansky, Steven A. - 1996

Evans (1991) has demonstrated that Blanchard’s (1985) finite-horizon model obeys approximate Ricardian equivalence. We show that this result is determined largely by an unrealistic assumption that labor income grows monotonically over a consumer’s entire lifetime. Introducing more realistic...

Persistent link: https://www.econbiz.de/10014395872

Pooling fiscal risk in the ECCU : quantitative assessment of savings with a regional stabilization fund

Guerson, Alejandro - 2021

This paper quantifies the savings obtained from risk pooling with a Regional Stabilization Fund (RSF) for the Eastern … amount relative to the sum of individual-country savings. In addition to reducing the amount of saving requirements for … stabilization, the RSF can improve welfare by realocating government consumption savings during booms towards public investment …

Persistent link: https://www.econbiz.de/10012605596

Life-Cycles, Dynasties, Savings : Implications for Closed and Small, Open Economies

Faruqee, Hamid - 2000

This paper examines the macroeconomic implications of life-cycle and dynastic saving behavior for closed and small, open economies. Using an extended version of Blanchard’s overlapping agents model, the analytical framework nests these two competing views, treating agents as either dynastic...

Persistent link: https://www.econbiz.de/10014399666

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

Carroll, Chris - 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

The Liquidation of Government Debt

2015 - Reinhart, Carmen ; Sbrancia, M. Belen ed

the time during 1945�1980. Average annual interest expense savings for a 12�country sample range from about 1 to 5 percent …

Persistent link: https://www.econbiz.de/10014411918

Fading Ricardian equivalence in ageing Japan

Saito, Ikuo - 2016

Japan seems to be turning less Ricardian, a trend set to continue. First, the discount wedge seems to have risen, suggesting that consumers have become more myopic. Second, some evidence points to the possibility that an increasing number of households are liquidity constrained. If these...

Persistent link: https://www.econbiz.de/10011715428