| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14662 |
| 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 |
| URL | https://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. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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