G2TT
来源类型Discussion paper
规范类型论文
来源IDDP14662
DP14662 Savings Rates: Up or Down?
Facundo Piguillem; Guillermo Ordoñez
发表日期2020-04-25
出版年2020
语种英语
摘要It depends what we want to measure. Most literature has focused on observed flow of savings (per-period savings as fraction of GDP), which has declined persistently since 1980. Even though this decline means that fewer funds are available for investment in each period, it does not follow that the households' actual savings (underlying, not observed, savings determined by dynamic optimization) also go down. We theoretically link these two concepts, discuss the conditions under which they move in opposite directions, and show that indeed the actual savings rate has sharply increased since 1980.
主题Monetary Economics and Fluctuations
关键词Savings rates Capital gains Human capital
URLhttps://cepr.org/publications/dp14662
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/543576
推荐引用方式
GB/T 7714
Facundo Piguillem,Guillermo Ordoñez. DP14662 Savings Rates: Up or Down?. 2020.
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