Large savings and current account surpluses by China and other countries are said to be a contributor to the global … current account imbalances and possibly to the recent global financial crisis. This paper proposes a theory of excess savings … show conditions under which an intensified competition in the marriage market can induce men to raise their savings rate …

institutional development, with a goal of informing the recent debate over the existence and relevance of the "savings glut." The … reverse correlation; greater financial development leads to higher savings. Furthermore, there is no evidence of "excess …

Faced with income fluctuations, countries smooth their consumption by raising savings when income is high, and vice … versa. How much of these savings do countries invest at home and abroad? In other words, what are the effects of … fluctuations in savings on domestic investment and the current account? In the long run, we find that countries invest the marginal …

parameters and on changes in the external environment. Although more than 90 percent of the savings decline in the United States … decade-average savings retention coefficient was 0.73. implying that nearly three-fourths of each additional dollar that was …

savings rate on the investment rate, as performed in the literature, are shown to be incorrect tests of the hypothesis of … current account and savings equations. Empirical tests of the model for a sample of 18 OECD countries present good evidence …

savings ("excess savings") and a small but persistent current account deficit (a slow-motion "twin deficit"). These patterns …