whether subjects treat debt differently than savings. Two treatments create environments where either saving or borrowing is …

by a binding credit constraint, injecting a bubble triggers a savings glut. Higher returns in a new bubbly equilibrium …

-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tighening of … constraints ; savings ; recessions ; uncertainty …

Sparen und Investieren geklärt werden. Die Theorie hinter diesem Satz - die Loanable Funds Theorie - wird dabei analysiert … accounting can clarify the nature of economic phenomena and be an important building block for economic theory. The paper will … lending, financial saving and physical investment it will be shown that this is a nonsense statement. The theory behind it …

Households can rely on private savings or on public unemployment insurance to hedge against the risk of becoming … ; precautionary savings …

precautionary savings. The different returns to saving faced by agents with different levels of wealth, caused by missing capital … markets, lead to two-peaked wealth distributions and high inequality. The precautionary savings, affected by the level of …