had a persistent 2-3 year impact on the flow of deposits and stock of savings, and increased the present value of branch …

of theory and data …

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

We provide a simple framework connecting the distribution of excess savings across households to the dynamics of … aggregate demand. Deficit-financed fiscal transfers generate excess savings. The poorest households with the highest MPCs spend … down their excess savings the fastest, increasing other households' incomes and their excess savings. This leads to a long …

increase retirement savings. However, gauging the relative efficacy of these approaches is challenging because the supporting … rates, active choice, and automatic enrollment) designed to increase retirement savings. Consistent with previous literature …, we find sizable effects of savings interventions on participation and cumulative contributions that increase with the …

savings are smaller than the short-run effects, with some savings financed via debt. I also review efforts to expand access to … employer-based retirement savings and liquid savings, the pros and cons of target date funds as default investment options …