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Population Aging in Japan; Demographic Shock and Fiscal Sustainability
Mühleisen, Martin; Faruqee, Hamid - International Monetary Fund (IMF) - 2001
The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis of empirical age-earnings profiles using a life-cycle approach. The paper's objectives are...
Persistent link: https://www.econbiz.de/10005769220
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Do ageing economies save less? Evidence from OECD data
Wong, Benjamin; Tang, Kam Ki - In: International Journal of Social Economics 40 (2013) May, pp. 591-605
-age dependency ratio. Findings – Longevity consistently has a significant positive impact on savings, while old-aged dependency rate … literature where old-age dependency exerts a negative impact on savings is sensitive to the manner in which the data is handled … expanding longevity on savings, thus avoiding potential omitted variable bias in previous studies. Second, they explore non …
Persistent link: https://www.econbiz.de/10010742478
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Do ageing economies save less? Evidence from OECD data
Wong, Benjamin; Tang, Kam Ki - In: International Journal of Social Economics 40 (2013) May, pp. 591-605
-age dependency ratio. Findings – Longevity consistently has a significant positive impact on savings, while old-aged dependency rate … literature where old-age dependency exerts a negative impact on savings is sensitive to the manner in which the data is handled … expanding longevity on savings, thus avoiding potential omitted variable bias in previous studies. Second, they explore non …
Persistent link: https://www.econbiz.de/10010686104
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Do Small Farmers Borrow Less when the Lending rate Increases? The Case of Rice Farming in the Philippines
Briones, Roehlano - Volkswirtschaftliche Fakultät, … - 2007
The new generation of credit programs directed at small borrowers emphasizes financial sustainability. Based on anecdotal information (especially from microfinance experiences), proponents of cost recovery claim that raising formal lending rates would have a minimal impact on borrowing. Rigorous...
Persistent link: https://www.econbiz.de/10005789639
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Measuring the Welfare Cost of Inflation in Zimbabwe
Makochekanwa, Albert - Volkswirtschaftliche Fakultät, … - 2008
The study estimates the long-run equilibrium relationship between money balance as a ratio of income and treasury bill rate for the Zimbabwean economy. These estimates are done for two periods, the entire period (using quarterly data) of 1980:01 to 2005:04 and the hyperinflationary period (using...
Persistent link: https://www.econbiz.de/10008560958
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The Welfare Cost of Inflation in Iran
Yavari, Kazem; Mehrnoosh, Mina - In: Iranian Economic Review 10 (2005) 2, pp. 111-117
The purpose of this paper is to estimate the welfare cost of inflation in Iran. We first use the long-horizon regression approach developed by Fisher and Seater (1993) to obtain an estimate of the inflation rate elasticity of money demand and then the Baily’s consumer surplus approach to...
Persistent link: https://www.econbiz.de/10010699249
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Financial Innovations and the Interest Elasticity of Money Demand in the United Kingdom, 1963¡V2009
Hasan, Mohammad S. - In: International Journal of Business and Economics 8 (2009) 3, pp. 225-242
This paper empirically examines the relationship between financial innovations and interest elasticity of money demand in the UK. Contrary to most research work in this area, the results indicate that financial innovations and other deregulatory changes in financial market conditions after the...
Persistent link: https://www.econbiz.de/10010598956
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Inflation and Welfare in Latin America
Yavari, Kazem; Serletis, Apostolos - In: Open Economies Review 22 (2011) 1, pp. 39-52
Persistent link: https://www.econbiz.de/10008926082
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The sensitivity of households to interest rate - analysis of the relationship of interest rates and the amount of loans and deposits in the Czech Republic
Rotschedl, Jiri - International Institute of Social and Economic Sciences - 2014
will reduce loans and increase savings. In the paper are savings considered to be identical with deposits in bank accounts … loans and the amount of savings. …
Persistent link: https://www.econbiz.de/10011209985
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Real Interest Rates, Saving and Investment.
Smith, J.C. - Department of Economics, University of Warwick - 1996
This paper investigates the determinants of real interest rates at world and country level. The starting point is the idea that the real interest rates reflect the interaction of desired saving and planned investment, using the framework developed by Barro and Sala-i- Martin (1990) and Barro (1992).
Persistent link: https://www.econbiz.de/10005368573