| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP607 |
| DP607 Investigating Private and Public Savings-Investment Gaps in EC Countries | |
| José Viñals; Juan Dolado; Fernando Carlos Ballabriga | |
| 发表日期 | 1991-12-30 |
| 出版年 | 1991 |
| 语种 | 英语 |
| 摘要 | This paper uses cointegration techniques to assess the extent to which the behaviour of private- and public-sector savings and investment and those of the nation as a whole have been consistent with long-term solvency over the last three decades. In addition, an attempt is made to analyse whether excessive budget deficits might have undermined the nation's long-run external solvency. We find evidence that a number of countries violate both domestic intertemporal budget constraints, but nevertheless satisfy the nation's budget constraint. In most cases this has occurred because changes in government deficits have been offset by changes in private savings and investment and by the use of capital controls. |
| 主题 | International Macroeconomics |
| 关键词 | Cointegration Intertemporal budget constraint Solvency |
| URL | https://cepr.org/publications/dp607 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529765 |
| 推荐引用方式 GB/T 7714 | José Viñals,Juan Dolado,Fernando Carlos Ballabriga. DP607 Investigating Private and Public Savings-Investment Gaps in EC Countries. 1991. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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