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来源类型 | VoxEU Column |
规范类型 | 评论 |
The Belgian government's Brexit negotiating strategy | |
Paul De Grauwe | |
发表日期 | 2016-12-10 |
出版年 | 2016 |
语种 | 英语 |
摘要 | Conventional logic suggests that lowering the policy interest rate will stimulate consumption and investment while discouraging people from saving, but low interest rates may also prompt people to increase their saving to compensate for the low rate of return. Using data on 135 countries from 1995 to 2014, this column shows that a low-interest rate environment can yield different effects on private saving across country groups under different economic environments. A well-developed financial market, an ageing population, and output volatility can all contribute towards turning the relationship between interest rates and saving negative. |
主题 | Macroeconomic policy |
关键词 | interest rates stimulus Savings rate Negative rates Precautionary saving |
URL | https://cepr.org/voxeu/columns/belgian-governments-brexit-negotiating-strategy |
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/552579 |
推荐引用方式 GB/T 7714 | Paul De Grauwe. The Belgian government's Brexit negotiating strategy. 2016. |
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