This paper provides empirical evidence on the determinants of private saving in a sample of 49 developing countries over the period 1973-83. The evidence indicates that, as indicated by the theory, a positive relationship exists between the rate of growth of consumption and the expected real...

With close to 30 emerging market and developing economies (EMDEs) using inflation targeting to determine monetary policy, and many of them for over 15 years, it is possible to create a meaningful measure of neutral real interest rates in these economies. The neutral real interest rate provides...