Narrow search
Showing 1 - 10 of 22,892
Cover Image
The role of corporate saving over the business cycle : shock absorber or amplifier?
Gao, Xiaodan; Xu, Shaofeng - 2018
We document countercyclical corporate saving behavior with the degree of countercyclicality varying nonmonotonically with firm size. We then develop a dynamic stochastic general equilibrium model with heterogeneous firms to explain the pattern and study its implications for business cycles. In...
Persistent link: https://www.econbiz.de/10011946440
Cover Image
Bolivia; Selected Issues
International Monetary Fund (IMF); International … - 2010
This paper derives estimates of optimal levels of reserves for Bolivia, focusing on current account shocks as the key balance of payments risk. Bolivia’s foreign reserves are adequate, with an optimal level between 29 percent of GDP and 37 percent of GDP. The accumulation of foreign...
Persistent link: https://www.econbiz.de/10011245323
Cover Image
The Savers-Spenders Theory of Fiscal Policy.
Mankiw, N.G. - Harvard Institute of Economic Research (HIER), … - 2000
The Macroeconomic analysis of fiscal policy is usually based on one of two canonical models--the Barro-Ramsey model of infinitely-lived families or the Diamond-Samuelson model of overlapping generations. This paper argues that neither model is satisfactory and suggests an alternative. In the...
Persistent link: https://www.econbiz.de/10005245657
Cover Image
Real Interest Rates, Saving and Investment.
Smith, J.C. - Department of Economics, University of Warwick - 1996
This paper investigates the determinants of real interest rates at world and country level. The starting point is the idea that the real interest rates reflect the interaction of desired saving and planned investment, using the framework developed by Barro and Sala-i- Martin (1990) and Barro (1992).
Persistent link: https://www.econbiz.de/10005368573
Cover Image
EXPLAINING SAVING/INVESTMENT CORRELATION.
BAXTER, M.; CRUCINI, M.J. - University of Rochester - Center for Economic Research … - 1990
Persistent link: https://www.econbiz.de/10005200768
Cover Image
IRAS and Household Saving.
Gale, W.G.; scholz, J.K. - CentER for Economic Research, Universiteit van Tilburg - 1992
Persistent link: https://www.econbiz.de/10005207468
Cover Image
Microfinance in Africa; Experience and Lessons From Selected African Countries
Blavy, Rodolphe; Basu, Anupam; Yülek, Murat  - International Monetary Fund (IMF) - 2004
Based on the experience of selected countries, this paper offers a critical presentation of the development of the microfinance sector in Africa. The paper supports the view that microfinance institutions, especially those engaged in full financial intermediation, complement effectively the...
Persistent link: https://www.econbiz.de/10005263661
Cover Image
The Savings Trap and Economic Take-Off
Ghosh, Atish R.; Asilis, Carlos M. - International Monetary Fund (IMF) - 1992
determine savings, investment and growth. Investment is assumed to involve intermediation or other costs which may, in each … period, result in either of two stable equilibria for the savings rate. At the “good” equilibrium, savings and growth are … individual’s belief about the savings behavior of other agents in the economy. The model implies that fiscal policy or public …
Persistent link: https://www.econbiz.de/10005263787
Cover Image
Growth, Productivity, and the Rate of Returnon Capital
Chadha, Bankim; Adams, Charles - International Monetary Fund (IMF) - 1992
This paper examines the ability of alternative classes of growth models to explain the historical experience of the U.S. economy. The potential returns to the U.S. from raising its investment rate in terms of both the level and growth rate of future output are then quantified. The long-run...
Persistent link: https://www.econbiz.de/10005263880
Cover Image
Mortgage Market Development, Savings, and Growth
Li, Xiaowei - International Monetary Fund (IMF) - 2001
Jappelli and Pagano (1994) argues that tightening the borrowing constraints in the mortgage markets promotes savings … savings and growth rates to fall. Therefore, for countries with scarce mortgage availability like those in the Middle East …, expanding the mortgage markets to some extent is conducive to savings and growth. …
Persistent link: https://www.econbiz.de/10005263983