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The rich and the Great Recession
Bakker, Bas B.; Felman, Joshua - 2014
Persistent link: https://www.econbiz.de/10010479444
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Wealth inequality and private savings : the case of Germany
Dao, Mai - 2020
This paper explores the interaction between corporate ownership concentration and private savings, and by extension …, the current account balance in Germany. As high corporate savings largely reflected capital income accruing to wealthy … widening top income inequality, rising private savings and compressed consumption rates. Rising corporate profits in an …
Persistent link: https://www.econbiz.de/10012252060
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Secular drivers of the natural rate of interest in the United States : a quantitative evaluation
Platzer, Josef; Peruffo, Marcel - 2022
and savings behavior to empirical estimates is essential for this result. We predict that r* will reach a low of 0.38% by …
Persistent link: https://www.econbiz.de/10013170272
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The costs of macroprudential deleveraging in a liquidity trap
Chen, Jiaqian; Finocchiaro, Daria; Lindé, Jesper; … - 2020
We examine the effects of various borrower-based macroprudential tools in a New Keynesian environment where both real and nominal interest rates are low. Our model features long-term debt, housing transaction costs and a zero-lower bound constraint on policy rates. We find that the long-term...
Persistent link: https://www.econbiz.de/10012251966
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Generational Accounts, Aggregate Savings, and Intergenerational Distribution
Buiter, Willem H. - 1996
Are generational accounts informative about the effect of the budget on the intergenerational distribution of resources and on aggregate saving? First, the usefulness of generational accounts lives or dies with the strict life-cycle model of household consumption. Second, even if the life-cycle...
Persistent link: https://www.econbiz.de/10014397511
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Optimal Fiscal Policy and Government Provision of Contingent Liabilities : The Example of Government Loan and Deposit Guarantees
International Monetary Fund - 1989
The optimal provision of loan guarantees or deposit insurance is examined in the context of an overlapping generations model. It is demonstrated that even in the face of a market imperfection that precludes diversification of the private sector’s loan portfolio to eliminate risk, full...
Persistent link: https://www.econbiz.de/10014395814
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Pension Reform, Private Saving, and the Current Account in a Small Open Economy
Schimmelpfennig, Axel - 2000
The macroeconomic implications of a pension reform that substitutes a high-return fully-funded system for a low-return pay-as-you-go system are discussed in an overlapping generations, neoclassical growth model. With forward-looking individuals, a debt-financed reform worsens the current...
Persistent link: https://www.econbiz.de/10014403806
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Mortgage Market Development, Savings, and Growth
Li, Xiaowei - 2001
Jappelli and Pagano (1994) argues that tightening the borrowing constraints in the mortgage markets promotes savings … savings and growth rates to fall. Therefore, for countries with scarce mortgage availability like those in the Middle East …, expanding the mortgage markets to some extent is conducive to savings and growth …
Persistent link: https://www.econbiz.de/10014403815
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Pakistan's Macroeconomic Adjustment and Resumption of Growth, 1999-2004
International Monetary Fund - 2005
strengthening in domestic savings and rise in domestic investment permanent, auguring well for accelerated growth within a …
Persistent link: https://www.econbiz.de/10014400063
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The Intragenerational Redistributive Effects of Unfunded Pension Programs
Cubeddu, Luis M. - 1998
This paper provides a quantitative evaluation of the intracohort redistributive elements of the U.S. social security system in the context of a computable general equilibrium model. It determines how the well-being of individuals that differ by gender, race, and education is affected by the...
Persistent link: https://www.econbiz.de/10014400168