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In this paper, it is argued that the observed high positive correlation between national savings and investment which … of the Feldstein-Horioka puzzle. -- Savings Investment Correlations ; Monetary Policy Shocks ; Feldstein-Horioka Puzzle …
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analysis of a currency union with the help of a simple model featuring endogenous money and saving-investment imbalances …. -- endogenous money ; saving-investment imbalances ; EMU …
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analysis of a currency union with the help of a simple model featuring endogenous money and saving-investment imbalances …
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financial crises include prolonged unwinding of investment-saving imbalances (ISI). These phenomena challenge modern monetary … interest rate controlled by the central bank and the quot;natural ratequot; consistent with investment-saving equilibrium. Upon …
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