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. The reason is different effects on saving and investment from cohort-size variation. In a panel of annual OECD data 1960 …-1995, we find that the age effects on saving are similar to results on world samples but the effects on investment are very … different. The respective age profiles of saving and investment are much more similar in the OECD sample. This may be one factor …
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We apply a "new" conventional (CAPB-based) measure of fiscal policy, which is less prone to endogeneity issues, and find that a 1-percent of GDP fiscal consolidation leads to the improvement of the current account-to-GDP ratio by approximately 0.8 percent of GDP, while previous research based on...
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We apply a "new" conventional (CAPB-based) measure of fiscal policy, which is less prone to endogeneity issues, and find that a 1-percent of GDP fiscal consolidation leads to the improvement of the current account-to-GDP ratio by approximately 0.8 percent of GDP, while previous research based on...
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