Although capital is now generally free to move across national borders, there is strong evidence that savings tend to …

This paper discusses recent neoclassical analyses of taxation and savings.Contrary to the popular view that fiscal … policy has highly ambiguous impacts on savings, neoclassical models admit a host of policies with clear and potentially quite … quantitative affect on savings.The essential elements of these policies involve inter- and intragenerational redistribution …

OECD countries 1992-2007. We focus on risk sharing through savings, factor income flows, and capital gains. Risk sharing …

' associated with increasing the financing share of foreign savings. In fact, the evidence suggests the opposite: throughout the …

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 …

The evidence on international capital immobility is extensive, ranging from the correlations between domestic savings … economies should not tax savings or investment? The answer depends on the cause of this immobility. We argue that asymmetric … policy in an open economy allowing for asymmetric information, rather than simply finding that savings and investment should …