savings rate on the investment rate, as performed in the literature, are shown to be incorrect tests of the hypothesis of … current account and savings equations. Empirical tests of the model for a sample of 18 OECD countries present good evidence …

Faced with income fluctuations, countries smooth their consumption by raising savings when income is high, and vice … versa. How much of these savings do countries invest at home and abroad? In other words, what are the effects of … fluctuations in savings on domestic investment and the current account? In the long run, we find that countries invest the marginal …

current account imbalances and possibly to the recent global financial crisis. This paper proposes a theory of excess savings …Large savings and current account surpluses by China and other countries are said to be a contributor to the global … show conditions under which an intensified competition in the marriage market can induce men to raise their savings rate …

Faced with income fluctuations, countries smooth their consumption by raising savings when income is high, and vice … versa. How much of these savings do countries invest at home and abroad? In other words, what are the effects of … fluctuations in savings on domestic investment and the current account? In the long run, we find that countries invest the marginal …

We investigate for Germany the positive correlation between the corporate savings glut in the non-financial corporate … corporate savings and the current account surplus. Private savings shocks, in contrast, cannot explain the correlation. We … conclude that a corporate savings glut is a main driver of the current account surplus. …