incorporate the effects of macroeconomic uncertainty on private savings behavior. It is shown that the greater the uncertainty in … savings and, other things equal, the larger is the current account surplus. Empirical support for the model is found using …

lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of uncertainty, we find for a … panel of advanced economies that greater labor income uncertainty is significantly associated with higher household savings … precautionary savings motive …

In this paper we assess the implications of precautionary savings for global imbalances by considering a world economy …

, suggesting a heightened role for precautionary savings. This paper uses a parameterized small open economy model to quantify the … role of precautionary savings in economies with exhaustible resources, when the only source of uncertainty is the price of … the exhaustible resource. Results show that the precautionary motive can generate sizable external sector savings. When …

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 …