. This effect of uncertain lifetime on savings may also lead the economy to an equilibrium exhibiting asymptotic growth even …

This paper examines aggregate savings in a general equilibrium model where infinitely lived households face volatile … when income is constant. This additional capital accumulation has sometimes been interpreted as precautionary savings, but … I demonstrate that it is mostly generated by permanent-income motives. -- equilibrium interest rate ; aggregate savings …

production on the one hand, and aggregate savings, investment, and macroeconomic growth on the other. Tractable models …. Furthermore, rates of return to savings and investments are generally heterogeneous when they are only partially (if at all …

asymmetries of savings out of factor incomes. This generalized model helps to shed new light on a recent debate concerning the … the particular savings hypothesis. However, if savings out of capital income are substantial so that a certain threshold …

Sparen und Investieren geklärt werden. Die Theorie hinter diesem Satz - die Loanable Funds Theorie - wird dabei analysiert … accounting can clarify the nature of economic phenomena and be an important building block for economic theory. The paper will … lending, financial saving and physical investment it will be shown that this is a nonsense statement. The theory behind it …

Partial equilibrium models suggest that when uncertainty increases, agents increase savings and at the same time reduce … in the shock process induces precautionary savings rather than irreversibility effects. If shocks are idiosyncratic and …

only in the case where there is no investment and the interest rate channel only originates in the savings decisions of … originates both in the the savings decisions of households and the investment decisions of firms. This generalized dynamic IS … in aggregate consumption as well, in a new way that does not rely on precautionary savings. Instead, household …

fifty years provides guidance for making such decisions. The theory teaches us to view financial assets as vehicles for … framework from the theory in nonmathematical terms, with the aim of providing guidance to financial service providers, consumers …