above the average of emerging market inflation targeting regimes. The adoption of an inflation-targeting regime and better … economic fundamentals (reduction in inflation volatility and improvements in the fiscal and external positions) has helped … converge towards lower equilibrium real interest rates if domestic savings increase to the level of other emerging market …

the model used in this paper, savings and investment are co-determined through adjustments in the real interest rate, and … regarding the effects of technological and preference shocks, but the overlapping generations model predicts lower savings and … quantitatively large. For plausible parameter values, the differences in growth rates, savings rates and investment rates are of the …