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 …

Relations between national public and private savings, domestic investment, and the current account are analyzed with … of aggregate savings on investment is found and government deficits tend to increase current account imbalances … literature. The results from the two approaches are rather different. The simulation results indicate that private savings …