savings is influenced by fluctuations in the volatilities of disturbances that hit the economy. It uses a simple New Keynesian …-forming preferences raise risk aversion, increasing the importance of the precautionary savings channel through which volatility …

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 …