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households, focusing on the dramatic change of the household savings rate since 1998, from high to low savings. The literature … monetary policy had a significant impact on Japan’s household behavior via the interest rate channel and the redistribution …This paper scrutinizes the role of prolonged, expansionary monetary policy on the savings behavior of Japanese …
Persistent link: https://www.econbiz.de/10013239569
Both young and old consumers appear to dissave too little for their behaviour to be consistent with a strict life cycle model. We concentrate on young households and document their behaviour drawing from Italian and Japanese data. We also provide a theoretical set-up which can account for the...
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households, focusing on the dramatic change of the household savings rate since 1998, from high to low savings. The literature … monetary policy had a significant impact on Japan's household behavior via the interest rate channel and the redistribution …This paper scrutinizes the role of prolonged, expansionary monetary policy on the savings behavior of Japanese …
Persistent link: https://www.econbiz.de/10012485326
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