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Saving in Latin America and the Caribbean : Performance and Policies
Grigoli, Francesco - 2015
This paper analyzes saving patterns and determinants in Latin America and the Caribbean (LAC), including key policy variables and regimes. The review of previous empirical studies on LAC saving reveals contradictions and omissions. This paper presents empirical results of an extensive search of...
Persistent link: https://www.econbiz.de/10012418216
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Analyzing the effects of financial and housing wealth on consumption using micro data
Caceres, Carlos - 2019
, and total net worth) on consumption. The study uses longitudinal household-level data?from the Panel Study of Income …
Persistent link: https://www.econbiz.de/10012022025
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Endogenous Time Preference and Endogenous Growth
Zee, Howell H. - 1994
savings rate …
Persistent link: https://www.econbiz.de/10014398750
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Credit constraints, productivity shocks and consumption volatility in emerging economies
Bhattacharya, Rudrani; Patnaiky, Ila - 2013
Persistent link: https://www.econbiz.de/10009756786
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Financial innovation, the Discovery of Risk, and the U.S. Credit Crisis
Mendoza, Enrique G. - 2010
show that a boom-bust cycle in debt, asset prices and consumption characterizes the equilibrium dynamics of a model with a …
Persistent link: https://www.econbiz.de/10014402674
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Barriers to household risk management : evidence from India
Cole, Shawn; Giné, Xavier; Tobacman, Jeremy; Topalova, … - 2012
Why do many households remain exposed to large exogenous sources of non-systematic income risk? We use a series of randomized field experiments in rural India to test the importance of price and non-price factors in the adoption of an innovative rainfall insurance product. Demand is...
Persistent link: https://www.econbiz.de/10012694089
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The volatility trap : precautionary saving, investment, and aggregate risk
Cherif, Reda; Hasanov, Fuad - 2012
We study the effects of permanent and temporary income shocks on precautionary saving and investment in a ""store-or-sow"" model of growth. High volatility of permanent shocks results in high precautionary saving in the safe asset and low investment, or a ""volatility trap."" Namely, big savers...
Persistent link: https://www.econbiz.de/10009615558
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What's in the (r)-stars for Korea?
Rafiq, Sohrab - 2021
. Korea's neutral rate is likely to remain low over the medium-term and could fall further, reflecting a structural savings …
Persistent link: https://www.econbiz.de/10012604759
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What shapes current account adjustment during recessions?
Kolerus, Christina Elisabeth - 2021
This paper studies the dynamics of external accounts during 278 economic recession events in the past 60 years and sheds light on key factors that shape these patterns. Economic recessions trigger highly-persistent increases in the current account, driven by an initial, sharp decline in...
Persistent link: https://www.econbiz.de/10012605536
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Pooling fiscal risk in the ECCU : quantitative assessment of savings with a regional stabilization fund
Guerson, Alejandro - 2021
stabilization, the RSF can improve welfare by realocating government consumption savings during booms towards public investment …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 …
Persistent link: https://www.econbiz.de/10012605596