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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/10013023206
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
William Vickrey's single-minded commitment to full employment is evident in a series of papers written in the last years of his life. In these works Vickrey formulated an assets-based approach to macroeconomic analysis that has definite implications for budgetary and employment policy. For...
Persistent link: https://www.econbiz.de/10014186661
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
precautionary saving and investment to study the nonlinear relationship between investment and saving. We contend that income … volatility is an important variable for explaining saving and investment dynamics. Our results indicate that as permanent … volatility increases, both investment and saving increase until a threshold at which point investment plummets while …
Persistent link: https://www.econbiz.de/10013124202