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14.54 International Trade, Fall 2005
Lorenzoni, Guido - 2005
.e. international trade, and what determines the flow of savings and investments from one country to another, i.e. international finance …
Persistent link: https://www.econbiz.de/10009432089
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Isolating a measure of inflation expectations for the South African financial market using forward interest rates
Reid M. - 2009
The inflation expectations channel of the transmission mechanism is generally recognised as crucial for the implementation of modern monetary policy. This paper briefly reviews the practices commonly employed for measuring inflation expectations in South Africa, and offers an additional method,...
Persistent link: https://www.econbiz.de/10009480482
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Banking market integration in the SADC countries: Evidence from interest rate analyses
Aziakpono M.J.; Kleimeier S.; Sander H. - 2011
This study investigates the state, development and drivers of banking market integration in the member countries of the Southern African Development Community (SADC). A Principal Component Analysis (PCA) of national retail interest rates indicates increasing integration in loan and deposit...
Persistent link: https://www.econbiz.de/10009480502
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Medicaid Crowd-Out of Long-Term Care Insurance with Endogenous Medicaid Enrollment
Kim, Geena - 2010
With states facing tightening Medicaid budgets, the high cost of financing long-term care for the elderly through Medicaid has prompted proposals to make private long-term care insurance (LTCI) more affordable through tax incentives. The effectiveness of tax incentives for stimulating LTCI...
Persistent link: https://www.econbiz.de/10009439040
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Rising longevity, education, savings, and growth
Zhang, H.; Zhang, J. S.; Lee, R. - 2003
This paper examines the impact of declines in adult mortality on growth in an overlapping generations model. With public education and imperfect annuity markets, a decline in mortality affects growth through three channels. First, it raises the saving rate and thereby increases the rate of...
Persistent link: https://www.econbiz.de/10009447922
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Population Pressures, Saving, and Investment in the Third World: Some Puzzles
Kelley, Allen - 1988
considered three adverseimpacts of population growth on savings and capital formation........ …
Persistent link: https://www.econbiz.de/10009475530
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Solving the Feldstein–Horioka Puzzle With Financial Frictions
Bai, Yan; Zhang, Jing - 2010
Unlike the prediction of a frictionless open economy model, long-term average savings and investment rates are highly … that the calibrated model with both frictions produces a savings–investment correlation and a volume of capital flows close …
Persistent link: https://www.econbiz.de/10009476626
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The Response of Consumption in Russian Households to Economic Shocks
Stillman, Steven - 2001
changes in household savings are negatively related to exogenous income shocks, with this relationship strongest for low … wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …
Persistent link: https://www.econbiz.de/10009477527
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PRECAUTIONARY SAVINGS IN SMALL OPEN ECONOMIES
Roitman, Agustin S. - 2010
(1990). This particular feature enables us to isolate the effect of risk aversion on precautionary savings. Furthermore, I … intertemporal distortions on precautionary savings in finite and infinite horizon models of a small open economy. The effects of … of shocks on precautionary savings and verify that these are qualitatively identical to the ones observed with CES …
Persistent link: https://www.econbiz.de/10009450605
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The role of nonbank intermediation in a financially repressed economy (theory and evidence based on the Korean economy, 1972--1994)
Choi, Joong-Kyung - 2003
-period dynamic model that under certain conditions nonbank intermediation increases an economy's savings mobilization and contributes … to banks in financial intermediation, increased the savings mobilization, and in the end contributed to the economic …
Persistent link: https://www.econbiz.de/10009451225