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 … revenue (taxation) of national savings. The bounds testing approach to integrated cointegration is used, which is applicable …

for the future (global savings glut). Low growth is linked to slowing population growth and a declining marginal …, from the perspective of Austrian business cycle theory, interest rates were step by step decreased by central banks to … nihilo and the need of time to produce capital invalidates the IS identity assumed in the Keynesian theory to hold …