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Savings and Investment Behaviour in the Euro Area

Rodriguez-Palenzuela, Diego - 2016

Although monetary union created the conditions for improving economic and financial integration in the euro area, in the context of the financial and sovereign crises, it has also been accompanied by the emergence of severe imbalances in savings and investment, credit and housing booms in some...

Persistent link: https://www.econbiz.de/10012999409

Current Account Dynamics Under Information Rigidity and Imperfect Capital Mobility

Shibata, Akihisa - 2018

dynamics together with persistent changes in consumption. The RE model extended with imperfect capital mobility by Shibata and … Shintani (1998) can account for persistent changes in consumption, but only at the cost of the explanatory power for the …) in which consumers are inattentive to shocks to their income and infrequently adjust their consumption. The SI model can …

Persistent link: https://www.econbiz.de/10012915090

Consumption-Smoothing in a Small, Cyclically Volatile Open Economy : Evidence from New Zealand

Hall, Viv - 2010

economy? Our results show that VAR1 and VAR2 forms of the traditional intertemporal consumption-smoothing model reflect very … satisfactorily the volatile directions and turning points observed, that the data are not consistent with consumption-tilting to the … present, and that New Zealand has had considerable success to date in consumption-smoothing around its average 5% current …

Persistent link: https://www.econbiz.de/10014199107

A Derivation of the Optimal Current Account Balance for Barbados, Jamaica and Trinidad and Tobago

Jordan, Alwyn; Stanford, Sunielle - 2008

intertemporal consumption-smoothing model. This paper applies the intertemporal consumption-smoothing model - which is used to … efficacy of the model. The findings indicate that the optimal consumption-smoothing model is neither applicable to Barbados nor …

Persistent link: https://www.econbiz.de/10014215499

Housing Market and Current Account Imbalances in the International Economy

Punzi, Maria Teresa - 2012

This paper presents a two-sector, two-country model showing that inflation in the housing market, a low personal savings rate, and a construction investment boom can contribute to a large current account deficit. In the model, demand by a group of households in the domestic country is...

Persistent link: https://www.econbiz.de/10013112306

Current Account Imbalances in ASEAN Countries : Are They a Problem?

Ostry, Jonathan D. - 2003

Applying a consumption-smoothing model to five ASEAN countries reveals that excessive private consumption has not …. Beyond consumption-smoothing, however, a number of factors influence the desirability of running large external deficits …

Persistent link: https://www.econbiz.de/10014057357

An Exploration of the Long-Run Relationship between Saving and Investment in the Developing Economies : A Tale of Latin American Countries

Sinha, Dipendra; Sinha, Tapen - 2014

Note: The following is a description of the paper and not the actual abstract. Following the study of Feldstein and Horioka in 1980, economists have been studying the relationship between saving and investment with renewed vigor. Most of the recent studies have studied the relationship in the...

Persistent link: https://www.econbiz.de/10014063639

Productivity Shocks, Habits, and the Current Account

Gruber, Joseph W. - 2003

, Gruber (2001), I have tested an ICA model that allows for habits in aggregate consumption via the present value method. This …

Persistent link: https://www.econbiz.de/10014111087

Devaluations, Deposit Dollarization, and Household Heterogeneity

Ferrante, Francesco; Gornemann, Nils - 2022

reduction of consumption among poorer households in response to rising borrowing costs and falling labor income. Richer …

Persistent link: https://www.econbiz.de/10013300268

Global Imbalances : In Midstream?

Blanchard, Olivier J. - 2010

Before the crisis, there were strong arguments for reducing global imbalances. As a result of the crisis, there have been significant changes in saving and investment patterns across the world and imbalances have narrowed considerably. Does this mean that imbalances are a problem of the past?...

Persistent link: https://www.econbiz.de/10013149670