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Endogenous Discounting, the World Saving Glut and the U.S. Current Account

Choi, Horag - 2007

We study the evolution of the U.S. current account in a two-country dynamic stochastic endowment model in which a single non-state contingent bond is the only internationally traded asset. The paper focuses on the world `saving glut' as the primary cause of continual deterioration in the current...

Persistent link: https://www.econbiz.de/10012465076

Market power and the aggregate saving rate

Giusto, Andrea; İşcan, Talan Behçet - In: Macroeconomic dynamics 23 (2019) 6, pp. 2269-2297

Persistent link: https://www.econbiz.de/10012127339

The corporate saving glut and the current account in Germany

Klug, Thorsten; Mayer, Eric; Schuler, Tobias - 2019

We investigate for the case of Germany the positive correlation between the corporate saving glut in the non-financial corporate sector and the current account surplus from a capital account perspective. By employing sign restrictions our findings suggest that mostly labor market, world demand...

Persistent link: https://www.econbiz.de/10011999017

The corporate saving glut

Saibene, Giacomo - In: Journal of macroeconomics 62 (2019), pp. 1-20

Persistent link: https://www.econbiz.de/10012243459

The corporate saving glut and the current account in Germany

Klug, Thorsten; Mayer, Eric; Schuler, Tobias - 2019

We investigate for Germany the positive correlation between the corporate savings glut in the non-financial corporate … corporate savings and the current account surplus. Private savings shocks, in contrast, cannot explain the correlation. We … conclude that a corporate savings glut is a main driver of the current account surplus. …

Persistent link: https://www.econbiz.de/10012265888