Showing 1 - 10 of 63
Persistent link: https://www.econbiz.de/10001507061
Persistent link: https://www.econbiz.de/10001487967
Persistent link: https://www.econbiz.de/10002140835
This paper examines the extent to which permanent terms-of-trade shocks have an asymmetric effect on private savings. The first part uses a simple three-period model to show that, if households expect to face binding borrowing constraints in bad states of nature, savings rates will respond...
Persistent link: https://www.econbiz.de/10013244885
June 2000 - When households face the possibility of borrowing constraints in bad times, favorable movements in the permanent component of the terms of trade may lead to higher rates of private savings. Agénor and Aizenman examine the extent to which permanent terms-of-trade shocks have an...
Persistent link: https://www.econbiz.de/10010524492
This paper examines the extent to which permanent terms-of-trade shocks have an asymmetric effect on private savings. The first part uses a simple three-period model to show that, if households expect to face binding borrowing constraints in bad states of nature, savings rates will respond...
Persistent link: https://www.econbiz.de/10012471007
The authors examine the extent to which permanent terms-of-trade shocks have an asymmetric effect on private savings. Using a simple three-period model, they show that if households expect to face binding constraints on borrowing in bad states of nature (when the economy is in a long trough...
Persistent link: https://www.econbiz.de/10012572781
Persistent link: https://www.econbiz.de/10001438374
Persistent link: https://www.econbiz.de/10002147938
This overview introduces and summarizes the findings of a practical volume on managing volatility and crises. The interest in these topics stems from the growing recognition that non-linearities tend to magnify the impact of economic volatility, leading to large output and economic growth costs,...
Persistent link: https://www.econbiz.de/10014213766