The standard approach to modelling consumption/saving problems is to assume that the decisionmaker is solving a dynamic … stochastic optimization problem However under realistic descriptions of utility and uncertainty the optimal consumption/saving …

The relationship between temporary terms of trade shocks and household saving in developing countries is examined. It … is first shown that, from a theoretical standpoint, this relationship is ambiguous: private saving may rise or fall in … private saving to transitory terms of trade shocks. …

what drives saving in Latin America. The studies cover Argentina, Chile, Colombia, Mexico, Peru, Uruguay, and Venezuela and … span a variety of topics ranging from assessing the impact of financial liberalization on saving to determining the role of … terms of trade shocks. Many of the studies also employ new data sources, that provide a better understanding of the saving …

women) can help explain measurable outcomes such as marriage formation, intra-marriage distribution of consumption goods …