framework for analysing the household flow of funds jointly with consumption. The consumption function incorporates household … interest rates. In a general equilibrium setting, these all have to be endogenised and since households make consumption and … in US saving rate, as well as of the household financial accelerator. Moreover, the models discussed in this paper offer …

stock' model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the model …We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent … saving rate's long-term decline, while fluctuations in net wealth and uncertainty capture the bulk of the business …

analysis also prompts us to suggest that the financial advantage of issuing in ation-linked sovereign debt, and namely saving …