This paper contributes to the literature on the effects of uncertainty on household saving - a long-standing and extensively explored topic yet leaving a number of issues inconclusive. It concentrates on the labor income uncertainty by addressing saving against unemployment risk in terms of...

This paper contributes to the literature on the effects of uncertainty on household saving – a long-standing and extensively explored topic yet leaving a number of issues inconclusive. It concentrates on the labor income uncertainty by addressing saving against unemployment risk in terms of...

Savings of the household sector are undoubtedly very important both in terms of micro- (for the optimum personal finance management) and macroeconomics (from the perspective of the economic growth). Furthermore, the major transformation has occurred in the household saving behavior in Poland in...

During the last ten years the global economy recorded strong growth with only mild and short slowdown at the early 2000's and with the another slowdown in 2007-2008. This growth was driven by the high dynamics of global demand, in excess of production capacities, and led to increasing tensions...

An environment for the activities of the International Monetary Fund (the IMF) has fundamentally changed over the two recent decades. The strong development of financial innovations as well as of financial globalisation was among major forces driving the change and shaping the economic growth...