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The role of demographics in precipitating crises in financial institutions
Macunovich, Diane J. - 2009
There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...
Persistent link: https://www.econbiz.de/10003900319
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Did scarce global savings finance the US real estate bubble? : the "Global Saving Glut" thesis from a stock flow consistent perspective
Lindner, Fabian - 2015
reduce their investment. This is the "Loanable Funds" theory. Ben Bernanke's "Global Saving Glut" thesis is based on this … sind. Oft ist das genaue Gegenteil wahr: Wirtschafter können nur sparen, wenn andere Wirtschafter einen Kredit aufgenommen …, sondern erlauben erst dem Rest der Welt, überhaupt Ersparnis zu bilden. …
Persistent link: https://www.econbiz.de/10011300962
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Uncertainty or Frictions? A Quantitative Model of Scarce Safe Assets
Ilut, Cosmin L.; Krivenko, Pavel; Schneider, Martin - National Bureau of Economic Research - 2024
characterization of asset premia and precautionary savings effects in steady state …
Persistent link: https://www.econbiz.de/10014512052
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The interest rate effect on private saving : alternative perspectives
Aizenman, Joshua; Cheung, Yin-Wong; Itō, Hiro - 2017
Conventional logic suggests that lowering the policy interest rate will stimulate consumption and investment while …
Persistent link: https://www.econbiz.de/10011635200
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Rebalancing growth in Asia
Prasad, Eswar S. - 2009
region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment …. -- Growth contributions ; national savings and investment ; current account balance ; welfare consequences of growth … required in the world economy. In this paper, I provide an empirical characterization of the composition of GDP levels and …
Persistent link: https://www.econbiz.de/10003879333
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Secular drivers of the global real interest rate
Rachel, Lukasz; Smith, Thomas D. - 2016
Persistent link: https://www.econbiz.de/10012171746
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Secular drivers of the global real interest rate
Rachel, Lukasz; Smith, Thomas D. - 2015
Persistent link: https://www.econbiz.de/10011404556
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Long-Run Trends in Long-Maturity Real Rates 1311-2021
Rogoff, Kenneth S.; Rossi, Barbara; Schmelzing, Paul - National Bureau of Economic Research - 2022
Taking advantage of key recent advances in long-run financial and economic data, this paper analyzes the statistical properties of global long-maturity real interest rates over the past seven centuries. In contrast to existing consensus, which has overwhelmingly concentrated on short samples for...
Persistent link: https://www.econbiz.de/10013388831
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The subjective inflation expectations of households and firms : measurement, determinants, and implications
Weber, Michael; D'Acunto, Francesco; Gorodnichenko, Yuriy; … - 2022
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013271201
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The competitive saving motive : concept, evidence, and implications
Wei, Shang-jin; Zhang, Xiaobo - 2015
imbalances tend to correspond with higher savings rates; (ii) household-level evidence suggest that: (a) families with unmarried … sons in rural regions with more skewed sex ratios tend to have higher savings rates, while savings rates of families with … unmarried daughters appear uncorrelated with gender imbalances; and (b) savings rates of families in cities tend to rise with …
Persistent link: https://www.econbiz.de/10011388451