Showing 1 - 10 of 2,004
In recent years there has been considerable variation in savings patterns across countries and regions, with … at the empirical drivers behind these trends. It uses a reduced-form model that relates private savings to a set of … savings in these economies. Looking ahead, the prospective population aging is likely to lead to a considerable fall in saving …
Persistent link: https://www.econbiz.de/10011604888
Sparquote zu. Außerdem beeinflußt die Art der sozialen Sicherung die Höhe der Sparquote. Selbständigen-Haushalte sparen einen …Seit geraumer Zeit geht die gesamtwirtschaftliche Sparquote in Deutschland zurück. Ursächlich dafür sind vor allem die … Lebenshaltungskosten. Hinter der gesamtwirtschaftlichen Sparquote steht eine beträchtliche Streuung. Mit dem Einkommen nimmt auch die …
Persistent link: https://www.econbiz.de/10010260715
In this study, we suggest an explanation for the alarmingly low growth rates of real housing prices in Canada and … differential development of real housing prices in Canada and Germany is attributed to the specific values of the fundamentals in … these two countries. Canada and Germany are characterized by relatively low average growth rates of real disposable income …
Persistent link: https://www.econbiz.de/10010324252
experiments show that the numerical effect on the savings rate of age structure changes is substantial when the indirect effects …
Persistent link: https://www.econbiz.de/10010284297
The temporal interdependence between saving and output has been in focus in a number of recent empirical studies. Results from these studies have compelled some authors to question the traditional notion of a causal chain where saving leads growth through capital accumulation. This paper...
Persistent link: https://www.econbiz.de/10010321740
The relationship between inventory investment and the real interest rate has been difficult to assess empirically. Recent work has proposed a linear-quadratic inventory model with time-varying discount factor to identify the effects of real interest rate on inventory investment. The authors show...
Persistent link: https://www.econbiz.de/10010298604
Following a contractionary monetary policy shock, the aggregate output decreases over time for six to eight quarters, while the real interest rate increases immediately and remains high for three quarters. Full participation models can hardly replicate the joint response of the aggregate output...
Persistent link: https://www.econbiz.de/10010263223
The detection of structural change and determination of lag lengths are long-standing issues in time series analysis. This paper demonstrates how these can be successfully married in a Bayesian analysis. By taking account of the inherent uncertainty about the lag length when deciding on the...
Persistent link: https://www.econbiz.de/10010281431
in the long run and the short run using co-integration analysis and a variety of econometric tests to account for the …
Persistent link: https://www.econbiz.de/10011605289
adjustment dynamics in line with the historical facts on savings and economic growth in Europe from the High Middle Ages to today …. Along a virtuous cycle of development more wealth leads to more patience, which leads to more savings and even higher wealth …. Savings rates and income growth rates are thus jointly increasing during the process of development until they converge …
Persistent link: https://www.econbiz.de/10010270036