structural surplus of private savings in relation to private investment. On the one hand, this excess saving is due to people …'s increasing inclination to save in light of rising life expectancy. On the other hand, investment is not keeping pace with the … rising desire to save. The resulting gap between the private desire for wealth and private investment can only be closed by …

structural surplus of private savings in relation to private investment. On the one hand, this excess saving is due to people …'s increasing inclination to save in light of rising life expectancy. On the other hand, investment is not keeping pace with the … rising desire to save. The resulting gap between the private desire for wealth and private investment can only be closed by …

capital accumulation as a macroeconomic shock. In the empirical analysis, medium-term unemployment is explained by capital …

drought shocks. It analyzes mechanisms through which cash transfers contribute to resilience, such as savings facilitation … increase savings. They also help households protect earnings in agriculture and off-farm businesses when shocks occur. Few … poor households can foster resilience by facilitating savings and income smoothing …

monetary policy shock depends on the degree of economic regulation in different markets. In particular, financial (product …