scarcity of saving in LATAM, thereby increasing investment and growth. Yet, the data and several case studies suggest that the … savings and investments were taxed in an arbitrary and unpredictable way, the credibility of a new regime could not be assumed … saving and investment rates tends to be a time-consuming process. This also suggests that greater political instability and …

production on the one hand, and aggregate savings, investment, and macroeconomic growth on the other. Tractable models …. Furthermore, rates of return to savings and investments are generally heterogeneous when they are only partially (if at all …

costly investment mistakes that are prevalent among middle-class households. The paper starts by describing how households … (investment mistakes). After evaluating the costs of investment mistakes, the paper suggests that they could be reduced by …