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Ricardian Equivalence and National Saving in the United States

International Monetary Fund - 1988

This paper examines the relative efficacy of cuts in government spending on goods and services and increases in taxation as tools for augmenting national saving--an issue related to Ricardian equivalence. The theoretical analysis shows little presumption in favor of spending cuts for this...

Persistent link: https://www.econbiz.de/10014396058

Life-Cycles, Dynasties, Savings : Implications for Closed and Small, Open Economies

Faruqee, Hamid - 2000

This paper examines the macroeconomic implications of life-cycle and dynastic saving behavior for closed and small, open economies. Using an extended version of Blanchard’s overlapping agents model, the analytical framework nests these two competing views, treating agents as either dynastic...

Persistent link: https://www.econbiz.de/10014399666

Pakistan's Macroeconomic Adjustment and Resumption of Growth, 1999-2004

International Monetary Fund - 2005

strengthening in domestic savings and rise in domestic investment permanent, auguring well for accelerated growth within a …

Persistent link: https://www.econbiz.de/10014400063

Rebalancing China's Economy : What Does Growth Theory Tell Us?

Aziz, Jahangir - 2006

This paper uses the standard one-sector neoclassical growth model to investigate why China''s consumption has been low and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts that the price of capital may have been significantly...

Persistent link: https://www.econbiz.de/10014400153

Neglected Heterogeneity and Dynamics in Cross-Country Savings Regressions

International Monetary Fund - 1999

This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing … for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that … neglecting heterogeneity and dynamics can lead to misleading inferences about the key determinants of savings behavior. The …

Persistent link: https://www.econbiz.de/10014400163

A Real Model of Transitional Growth and Competitiveness in China

Lipschitz, Leslie - 2008

We present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that raises the marginal product of labor elicits increases in employment and output rather than only...

Persistent link: https://www.econbiz.de/10014401525

Would Saving U.S. Social Security Raise National Saving?

Walliser, Jan - 1999

Analysts agree that raising national saving is one of the key objectives of social security reform in the United States … typical reform plans and also draws some conclusions about the relationship between social security reform and the long …

Persistent link: https://www.econbiz.de/10014402111

Do Debt-Service Savings and Grants Boost Social Expenditures?

Thomas, Alun H. - 2006

This paper evaluates whether debt relief and grants can boost social expenditures in lowincome countries. It finds that declines in debt-service help raise social expenditures, but no relationship between grants and social expenditures. Moreover, since the mid-1980s, lowincome countries have...

Persistent link: https://www.econbiz.de/10014402250

Terms of Trade Shocks and the Current Account

Cashin, Paul - 1998

This paper examines the relationship between terms of trade shocks, private saving, and the current account position. The relationship between these variables is theoretically ambiguous: an adverse transitory terms of trade shock can either induce a deterioration or an improvement in the current...

Persistent link: https://www.econbiz.de/10014403790

Pension Reform, Private Saving, and the Current Account in a Small Open Economy

Schimmelpfennig, Axel - 2000

The macroeconomic implications of a pension reform that substitutes a high-return fully-funded system for a low …-looking individuals, a debt-financed reform worsens the current account, while a tax-financed reform leaves the current account unchanged …. With myopic individuals, a debt-financed reform leaves the current account unchanged, while a tax-financed reform improves …

Persistent link: https://www.econbiz.de/10014403806