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revenue (taxation) of national savings. The bounds testing approach to integrated cointegration is used, which is applicable …The objective of this paper is to discuss the short- and long-run relationships between national savings and its … rate, Inflation rate and fiscal determinants are budget deficit, government expenditures, government savings and government …
Persistent link: https://www.econbiz.de/10011926852
This paper contributes to the empirical literature investigating reasons for the fall in real interest rates in advanced economies. It focuses on selected drivers from three broad categories: demographic changes; imbalances between supply of and demand for safe assets; and monetary policy at...
Persistent link: https://www.econbiz.de/10011700540
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for the future (global savings glut). Low growth is linked to slowing population growth and a declining marginal … permanently. Furthermore, we find no empirical evidence for the global savings glut and secular stagnation hypotheses. Instead …
Persistent link: https://www.econbiz.de/10012858697
for the future (global savings glut). Low growth is linked to slowing population growth and a declining marginal … permanently. Furthermore, we find no empirical evidence for the global savings glut and secular stagnation hypotheses. Instead …
Persistent link: https://www.econbiz.de/10012860212
Persistent link: https://www.econbiz.de/10012805969
positive deposit shock. The model rejects a risk-taking channel of monetary policy and endorses the savings glut hypothesis …
Persistent link: https://www.econbiz.de/10013044116
This paper analyzes the impact of monetary policy on household saving in Japan between 1993 and 2017. Using annual data from the Japan Panel Survey of Consumers it is shown that monetary expansion has contributed to a widening gap in households’ net saving through an adverse effect on the...
Persistent link: https://www.econbiz.de/10012587831
Persistent link: https://www.econbiz.de/10013171079