| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19635 |
| 来源ID | Working Paper 19635 |
| The Effects of the Saving and Banking Glut on the U.S. Economy | |
| Alejandro Justiniano; Giorgio Primiceri; Andrea Tambalotti | |
| 发表日期 | 2013-11-14 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We use a quantitative equilibrium model with houses, collateralized debt and foreign borrowing to study the impact of global imbalances on the U.S. economy in the 2000s. Our results suggest that the dynamics of foreign capital flows account for between one fourth and one third of the increase in U.S. house prices and household debt that preceded the financial crisis. The key to these findings is that the model generates the sustained low level of interest rates observed over that period. |
| 主题 | Macroeconomics ; Consumption and Investment ; Money and Interest Rates ; International Economics ; International Finance ; Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w19635 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577310 |
| 推荐引用方式 GB/T 7714 | Alejandro Justiniano,Giorgio Primiceri,Andrea Tambalotti. The Effects of the Saving and Banking Glut on the U.S. Economy. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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