Relations between national public and private savings, domestic investment, and the current account are analyzed with … of aggregate savings on investment is found and government deficits tend to increase current account imbalances … literature. The results from the two approaches are rather different. The simulation results indicate that private savings …

pension reforms led to an increase in the household savings rate in Germany until about 2010. As domestic investment … opportunities could not absorb these additional savings, they were partly invested abroad. The German current account-to-GDP ratio … rose. After 2010, private savings remained rather stable, but opportunities to invest in Germany declined further. Our …

global financial crisis, and that of Germany has proven more persistent as domestic investment has remained subdued …

The relationship between regional saving and investment is examined to measure the extent of capital mobility. The … relationship between total regional saving and investment is significantly negative in Canada and the United Kingdom, in contrast … poor regions. The relationship between personal saving and private investment is insignificant in the U.K. and Germany and …