This paper examines the extent to which permanent terms-of-trade shocks have an asymmetric effect on private savings … in bad states of nature, savings rates will respond asymmetrically to favorable movements in the permanent component of … standard determinants of private savings. The results, based on panel data for non-oil commodity exporters of sub …

This paper is concerned with the theory of saving when consumers are not permitted to borrow, and with the ability of … such a theory to account for some of the stylized facts of saving behavior. When consumers are relatively impatient, and …

their precautionary savings. This depresses interest rates, especially in the short run, and generates an output drop, even …

For over three centuries and throughout the globe, people have enthusiastically bought savings products that … Linked Savings (PLS) accounts distribute periodic sizeable payments to some investors using a lottery-like drawing where an …

of why money has real effects,and to suggest a new theory, or rather resurrect an old one--the loanable funds theory …