The Rich and the Great Recession /

Most papers explaining the macro causes of the U.S. Great Recession focus on the behavior of the middle class: how its saving rate declined in the pre-crisis years, then surged following the crisis. This paper argues that the saving rate of the rich followed a similar pattern, the result of wealth e...

Полное описание

Библиографические подробности
Главный автор: Bakker, Bas
Другие авторы: Felman, Joshua
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2014.
Серии:IMF Working Papers; Working Paper ; No. 2014/225
Online-ссылка:Full text available on IMF