Unlike the prediction of a frictionless open economy model, long-term average savings and investment rates are highly … that the calibrated model with both frictions produces a savings–investment correlation and a volume of capital flows close …

changes in household savings are negatively related to exogenous income shocks, with this relationship strongest for low … wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …

Introduction to the theory of international trade and finance with applications to current policy issues. From the ….e. international trade, and what determines the flow of savings and investments from one country to another, i.e. international finance …

Theory and evidence on government taxation policy. Topics include tax incidence; optimal tax theory; the effect of … taxation on labor supply and savings; corrective taxes for externalities; taxation and corporate behavior; and tax expenditure … taxation. It covers both theoretical contributions, such as the theory of optimal income and commodity taxation, as well as …

examine the incidence of the introduction in 1988 of tax incentives to retirement savings on contributions to pension funds … and on savings. We first identify the population cohorts who most used these incentives. Then we use data on the evolution …