fluctuations in savings on domestic investment and the current account? In the long run, we find that countries invest the marginal …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 …

savings rate on the investment rate, as performed in the literature, are shown to be incorrect tests of the hypothesis of … between current accounts, budget deficits, investment rates and transitory output shocks. It is argued that such a model could … current account and savings equations. Empirical tests of the model for a sample of 18 OECD countries present good evidence …

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

We investigate the effects of higher tariffs on the current account.Tariffs may increase or decrease investment …

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 … domestic saving" in the Asian emerging market countries; rather they seem to have suffered from depressed investment in the …

-account credits, and nonmonetary gold exports, which are current-account credits. The paper also adjusts historical investment data to … account for changes in inventories. The revised data are used to construct estimates of saving and investment over the period … Eichengreen, who found a significantly positive cross-sectional correlation between saving and investment even during some periods …

national saving) must reduce either private investment or net exports but the division between them depends on certain key … parameters and on changes in the external environment. Although more than 90 percent of the savings decline in the United States …, this was not an inevitable result. Without the powerful incentives for business investment in the 1981 tax legislation …