Engel, Charles; Rogers, John H. - Federal Reserve Bank of San Francisco - 2006
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See, for example, Backus et. al. (2005), Bernanke (2005), Blanchard et. al. (2004), Caballero, et. al. (2005 … applying
the model to the U.S. For some reason, there is a “saving glut” in these emerging markets.
Bernanke (2004 …