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capital in the past. The conclusion is that within EMU domestic saving and investment will be less correlated than they were …
Persistent link: https://www.econbiz.de/10011442627
investment), (3) that the specific causes of the IS imbalances have changed dramatically over time, and (4) that future trends in …
Persistent link: https://www.econbiz.de/10011311745
, which is that even though global financial markets appear to be integrated, levels of saving and investment are correlated …
Persistent link: https://www.econbiz.de/10011756014
Martin Stuart ("Marty") Feldstein, currently George F. Baker Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research, Inc. (NBER), is a renowned American economist who has made important contributions to public finance, macroeconomics,...
Persistent link: https://www.econbiz.de/10010381488
This paper explores the qualitative and quantitative implications of taxation for growth and savings in three Latin American countries: Brazil, Chile and Mexico, studying a small open economy in the context of an endogenous growth model where the domestic interest rate depends on the level of...
Persistent link: https://www.econbiz.de/10011289284
and investment. A comparison with the southern members of the EU shows that the countries under review have reached a …
Persistent link: https://www.econbiz.de/10011474898
This paper reviews the economic effects of the EU Savings Taxation Directive. The Directive aims at enabling taxation of foreign interest payments received by individuals in accordance with the rules of their State of residence. The data suggest that the Directive, which is based on automatic...
Persistent link: https://www.econbiz.de/10003861869
Based on the relation between investment and domestic saving proposed by Feldstein and Horioka (1980) to verify capital … autoregressive (SVAR) involving investment and saving in order to evaluate the effect of exogenous shocks through impulse response … showed that investment is sensitive to contemporaneous innovation on saving and this effect lasts for a long time. Regarding …
Persistent link: https://www.econbiz.de/10012038727
-Horioka puzzle ; capital mobility ; capital flows ; saving ; investment ; Adam Smith ; invisible hand …
Persistent link: https://www.econbiz.de/10003981928
in Gourinchas and Jeanne (2013) to compute regional investment and saving wedges. By relating those frictions with TFP … catch-up parameters, we find an investment and a saving puzzle: regions that caught up relative to the rest of China seem to … have lower investment rate (higher investment tax) and higher saving (lower saving tax) relative to the prediction of the …
Persistent link: https://www.econbiz.de/10010402791