We study how tax policies that lower the cost of capital impact investment and labor demand. Difference …-in-differences estimates using confidential Census Data on manufacturing establishments show that tax policies increased both investment and … complementary inputs in modern manufacturing. Our results show that tax policies that incentivize capital investment do not lead …

This paper uses a quasi natural experiment to explore how financial education changes savings, investment, and consumer …

savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and …

technology of private investment. Government policies that discourage saving might make the Schumpeterian vision of a shift from …

reallocated from the private to the public sectors, reducing investment and deepening the recessions even further. To account for …. This implies that domestic debt purchases displace productive investment. The model shows that these purchases reduce …

It is well understood that investment serves as a shock absorber at the time of crisis. The duration of the drag on … investment, however, is perplexing. For the nine Asian economies we focus on in this study, average investment/GDP is about 6 … between the sustained reserve accumulation and the persistent and significantly lower levels of investment in the region. Put …

investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving …

region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment … growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India … and Vietnam. To examine the global implications of domestic growth patterns in Asia, I analyze saving-investment balances …

This paper examines the effect of exogenous shocks to savings on world capital markets. Using the exogenous shocks to … US tax policy identified by Romer & Romer, we trace the impact of an exogenous shock to savings through the income … changes in private savings (Ricardian equivalence is not complete). We also find that only a small amount of the resulting …

, investment in capital goods and a non-traded good. Such an environment is rich enough to explain several phenomena that are … inexplicable in more barren models. We suggest an explanation of why saving and investment may be correlated even with no … restrictions on trade in assets. We explain why a high saving country may nonetheless borrow from abroad to finance investment. We …