Showing 1 - 10 of 700
Persistent link: https://www.econbiz.de/10014286617
domestic investment and savings are highly and positively correlated, was examined for cointegration using an autoregressive … distributed lag bounds testing procedure. The results did not show a positive correlation between savings and investment. There … was essentially no relationship at level between savings and investment in all eight cases. Thirteen out of 16 structural …
Persistent link: https://www.econbiz.de/10015180159
Persistent link: https://www.econbiz.de/10014577844
Persistent link: https://www.econbiz.de/10010533011
We evaluate, both empirically and theoretically, the spillover effects that debt-financed fiscal policy interventions of the United States have on other economies. We first consider a two-country dynamic stochastic general equilibrium model with international portfolio rebalancing effects...
Persistent link: https://www.econbiz.de/10014456720
Persistent link: https://www.econbiz.de/10012136114
This paper finds that debt-financed government spending multipliers vary considerably depending on the location of the debt buyer. In a sample of 33 countries, we find that government spending multipliers are larger when government purchases are financed by issuing debt to foreign investors...
Persistent link: https://www.econbiz.de/10011878651
This paper evaluates the international spillover effects of large-scale asset purchases (LSAPs) using a two-country dynamic stochastic general-equilibrium model with nominal and real rigidities, and portfolio balance effects. Portfolio balance effects arise from imperfect substitution between...
Persistent link: https://www.econbiz.de/10010468314
Zusammenfassung Die hohe Korrelation zwischen nationalen Investitions- und Sparquoten ist seit der Studie von Feldstein/Horioka (1980) ein umstrittener, aber zunächst häufig bestätigter empirischer Befund. In diesem Beitrag wird dieser Zusammenhang erneut für die EU-Staaten im Zeitraum von...
Persistent link: https://www.econbiz.de/10014608867
Persistent link: https://www.econbiz.de/10008486707