Dooley, Michael P.; Folkerts-Landau, David; Garber, Peter M. - 2021
Data for world savings rates do not suggest that an aggregate glut of world savings has depressed US and international … interest rates in recent years. Unusual but offsetting changes in savings rates have been limited to three regions: sharp … declines in the US have been matched by sharp increases for developing Asia and the Middle East. The world saving rate has …