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evaluate the consequences of policy reform. This paper surveys the savings mechanisms generated by the transmission of bequests … medical-expense risk are crucial determinants of savings and wealth inequality and that we need to look at more data to …
Persistent link: https://www.econbiz.de/10011671879
Macroprudential policy improves economic outcomes by reducing the likelihood and severity of financial crises. Yet it is pertinent to ask, are there unintended long run consequences to the introduction of a macroprudential policy regime, and are these consequences conditional on the a priori...
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The consequences of government debt on capital formation, financial wealth and labor are investigated in a small open economy with demographic heterogeneity. Two alternative types of demographics are considered: one with intragenerational heterogeneity of the ''savers-spenders'' (SS) type, and...
Persistent link: https://www.econbiz.de/10011597848
We study the negative correlation between natural resource-abundance and long-term income focusing on the savings … the issue. In this model, savings adjust downwards to income from natural resources, and investment in capital contributes … income through savings and investment. Natural resources have two counteracting effects on income. In the short term …
Persistent link: https://www.econbiz.de/10011603136
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This paper compares the main findings from the third wave of the Household Finance and Consumption Survey (HFCS) for Malta with those for the euro area. This comparative report finds that in 2016 the median Maltese household held more real and financial assets than households in the euro area....
Persistent link: https://www.econbiz.de/10012253036