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Persistent link: https://www.econbiz.de/10000430887
Capital mobility is helpful to cope with the loss of adjustment instruments in EMU. High capital mobility in the sense of Feldstein and Horioka (FH) can limit the negative consequences of shocks affecting the saving capacity of an economy in the Eurozone. It is the aim of this paper to assess...
Persistent link: https://www.econbiz.de/10011442627
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This paper examines the interaction between altruism towards offspring and precautionary savings. It investigates … whether increased uncertainty in children labor income fosters savings of parents. We first construct a two-periods and two …-generations model, to underline which are the mechanisms behind the intergenerational precautionary motive for savings. Second, we …
Persistent link: https://www.econbiz.de/10012870905
We explore income and consumption smoothing patterns among European Community (EC) countries and among OECD countries during the period 1966--90. We find that, for OECD as well as for EC countries, about 40 percent of shocks to GDP are smoothed at the one year frequency, with about half the...
Persistent link: https://www.econbiz.de/10014070630
Capital mobility is helpful to cope with the loss of adjustment instruments in EMU. High capital mobility in the sense of Feldstein and Horioka (FH) can limit the negative consequences of shocks affecting the saving capacity of an economy in the Eurozone. It is the aim of this paper to assess...
Persistent link: https://www.econbiz.de/10013428227
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Persistent link: https://www.econbiz.de/10013485712
This paper extends recent work by Feldstein and Horioka (1980) and Bayoumi (1990), and examines saving-investment correlations for industrial countries in the post-war period. The focus of the enquiry is on differences observed between EMS and non-EMS countries. It is seen that the EMS countries...
Persistent link: https://www.econbiz.de/10014396141