Unlike the prediction of a frictionless open economy model, long-term average savings and investment rates are highly … that the calibrated model with both frictions produces a savings–investment correlation and a volume of capital flows close …

changes in household savings are negatively related to exogenous income shocks, with this relationship strongest for low … wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …

.e. international trade, and what determines the flow of savings and investments from one country to another, i.e. international finance …

taxation on labor supply and savings; corrective taxes for externalities; taxation and corporate behavior; and tax expenditure …

examine the incidence of the introduction in 1988 of tax incentives to retirement savings on contributions to pension funds … and on savings. We first identify the population cohorts who most used these incentives. Then we use data on the evolution …