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savings. Is saving behaviour in EU-accession countries now driven by the same forces as it is in market economies? We use a …
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In this paper we analyze a mechanism that is particularly relevant to the workings of the Great Recession: we explain how easier home financing and higher homeownership rates increase unemployment rates. To this purpose we build a model of job search with liquid wealth accumulation and...
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, exports, gross capital formation, and gross domestic savings. We also showed that foreign direct investment inflows and … outflows play an important role for capital and savings. Our empirical results offer insights on strategies that national …
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