| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26131 |
| 来源ID | Working Paper 26131 |
| Dissecting Saving Dynamics: Measuring Wealth, Precautionary, and Credit Effects | |
| Christopher D. Carroll; Jiri Slacalek; Martin Sommer | |
| 发表日期 | 2019-08-05 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We show that an estimated tractable ‘buffer stock saving’ model can match the 30-year decline in the U.S. saving rate leading up to 2007, the sharp increase during the Great Recession, and much of the intervening business cycle variation. In the model, saving depends on the gap between ‘target’ and actual wealth, with the target determined by measured credit availability and measured unemployment expectations. Following financial deregulation starting in the late 1970s, expanding credit supply explains the trend decline in saving, while fluctuations in wealth and consumer-survey-measured unemployment expectations capture much of the business-cycle variation, including the sharp rise during the Great Recession. |
| 主题 | Microeconomics ; Households and Firms ; Macroeconomics ; Consumption and Investment ; Money and Interest Rates |
| URL | https://www.nber.org/papers/w26131 |
| 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/583805 |
| 推荐引用方式 GB/T 7714 | Christopher D. Carroll,Jiri Slacalek,Martin Sommer. Dissecting Saving Dynamics: Measuring Wealth, Precautionary, and Credit Effects. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26131.pdf（924KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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