The significant difference in saving rates between the United States (near-zero) and the developing nations (exceeding …, the present model shows that uneven risk in addition effects or promotes excessive saving. A potentially serious … consequence, in our increasingly interactive and integrated world-economy, is the extraordinary net foreign borrowing of saving …

that information uncertainty is the channel through which innovation affects idiosyncratic risk. The results are robust for …

constraints, and oil and gas production specificities (i.e., production uncertainty, production flexibility, and price …