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the relationship between domestic investment and saving: whatever the transition mechanism specified, each test strongly …
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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,...
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, which is that even though global financial markets appear to be integrated, levels of saving and investment are correlated …
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