Dissecting Saving Dynamics : Measuring Wealth, Precautionary, and Credit Effects /
We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious 'buffer stock' model of optimal consumption in the...
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| Outros Autores: | , |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2012.
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| coleção: | IMF Working Papers; Working Paper ;
No. 2012/219 |
| Acesso em linha: | Full text available on IMF |