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poor regions. The relationship between personal saving and private investment is insignificant in the U.K. and Germany and …The relationship between regional saving and investment is examined to measure the extent of capital mobility. The … relationship between total regional saving and investment is significantly negative in Canada and the United Kingdom, in contrast …
Persistent link: https://www.econbiz.de/10014398181
Feldstein and Horioka (1980) argued that the correlation of saving and investment in a cross-section of countries may … investment should be cointegrated over time. Simulations show that the cross-section regressions used in the literature will …
Persistent link: https://www.econbiz.de/10014398034
recently developed time series techniques. The results suggest that the Fisher effect is stronger in France, the United Kingdom …, and the United States than in Germany and Japan. It is argued that the differences in the linkage between the interest …
Persistent link: https://www.econbiz.de/10014395917
This paper deals with hysteresis in the desired equilibrium exchange rate (DEER) arising from misalignment. When the actual real exchange rate departs from its DEER value, current account realizations--and consequently, debt service obligations--will differ from those assumed in the initial DEER...
Persistent link: https://www.econbiz.de/10014396472
effectiveness may moderate in graying societies. It then uses Bayesian estimation techniques for the U.S., Canada, Japan, U.K., and … Germany to confirm a weakening of monetary policy effectiveness over time with regards to unemployment and inflation. After …
Persistent link: https://www.econbiz.de/10012667511
-looking monetary policy decisions. The bias is higher for countries whose monetary policy was more independent of Germany …
Persistent link: https://www.econbiz.de/10014400699
The increase in the U.S. public debt over the past twelve years raises questions about its implications for investment …
Persistent link: https://www.econbiz.de/10014396152
This paper develops a model featuring both a macroeconomic and a financial friction that speaks to the interaction between monetary and macro-prudential policies. There are two main results. First, real interest rate rigidities in a monopolistic banking system have an asymmetric impact on...
Persistent link: https://www.econbiz.de/10011374764
financial liberalization on domestic investment and savings, the current account balance and the real exchange rate, both when …
Persistent link: https://www.econbiz.de/10014403509
This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over …
Persistent link: https://www.econbiz.de/10014396226