im Rahmen der Riester Rente diskutiert. Länder wie Singapur, Südafrika, China und die USA haben diese neue Form der …

A “global saving glut” was invented by Ben Bernanke in 2005 as a label for positive net lending (imports exceeding … valid, since the “BP” equation is not independent of “IS.” Other champions of this saving glut hypothesis rely on loanable …

We analyse global and euro area imbalances by focusing on China and Germany as large surplus and creditor countries. In … towards profits and increased corporate saving. As a result, both economies' current account surpluses widened before the …

. We pick China as a case study since China has undergone a dramatic process of rapid aging and a tremendous reduction in … adjustment to savings and labor supply have significant macroeconomic implications. Applying the model to China, we find that the … pension reform and rapid aging together contribute 55 percent of the increase in the household saving rate from 1995 to 2009 …