The U.S. Personal Saving Rate /

This paper develops a time series model for aggregate consumption to predict the U.S. personal saving rate. It then uses the model to test whether there has been a structural break in consumption behavior because of the 2008 financial crisis. Before the crisis, the personal saving rate was trending...

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Bibliographic Details
Main Author: Ouliaris, Sam
Other Authors: Rochon, Celine
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2018.
Series:IMF Working Papers; Working Paper ; No. 2018/128
Online Access:Full text available on IMF