policymakers would have attempted to keep an investment-grade credit rating. I account for economic adjustment, and calculate …

savings and investment, credit and housing booms in some countries and the allocation of resources towards less productive … to be reduced, which, in turn, is weakening investment and therefore weighing on growth prospects and growth potential …

, consumption and saving, both at the aggregate level and for the main economies in the area. Drawing on the institutional sector … the lockdown meant that saving rebounded in an extraordinary fashion. The outbreak of the second wave and uncertainty over … the scale of the economic impact will contribute, for some time longer, to saving remaining relatively high and to the …

empirical analysis showing that terms-of-trade and saving/investment behaviour seem to have driven the euro exchange rate over …

We examine the relationship between investment and saving for a cross section of European countries before and during … the euro crisis. Investment is positively and significantly related to saving, and this relationship is stronger during …

. The paper documents China's heavy reliance on investment and credit as drivers of growth, which has created …China's rise has been the economic success story of the past four decades but economic growth has been slowing and … domestic imbalances have widened. This paper analyses the recent evolution of China's imbalances, the risks they pose to the …

. The paper documents China's heavy reliance on investment and credit as drivers of growth, which has created …China's rise has been the economic success story of the past four decades but economic growth has been slowing and … domestic imbalances have widened. This paper analyses the recent evolution of China's imbalances, the risks they pose to the …