bywidening top income inequality, rising private savings and compressed consumption rates.Rising corporate profits in an … environment of high business wealth concentration account for90 percent of the rise in the private savings rate and a third of the …

result of low investment. Latin America is poorer because of lower human capital levels and lower TFP-not because of a lower … business climate indicators converge rapidly. Poor countries without those attributes do not. We show that low investment is …

variables move over time and analyzes how they influence macroeconomic variables such as economic growth, inflation, savings and … investment, and fiscal balances, from an empirical perspective. Based on empirical findings - particularly regarding inflation …

policies contributed, the trend decline has been largely structural, driven by economic rebalancing from investment to …

converge towards lower equilibrium real interest rates if domestic savings increase to the level of other emerging market … countries. The effect is particularly pronounced if the increase in domestic savings is achieved through higher levels of public … savings. Still, econometric results suggest that, controlling for everything else in the model, real interest rates in Brazil …