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Dissecting Saving Dynamics.
We argue that the U.S. personal saving rate's long stability (from the 1960's through the early 1980's), subsequent steady decline (1980's - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious 'buffer stock' model of optimal...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Otros Autores: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington :
International Monetary Fund,
2012.
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| Colección: | IMF Working Papers.
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Carroll, Christopher. | |
| 245 | 1 | 0 | |a Dissecting Saving Dynamics. |
| 260 | |a Washington : |b International Monetary Fund, |c 2012. | ||
| 300 | |a 1 online resource (48 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Papers | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a Cover; Contents; I. Introduction; Figures; 1. Personal Saving Rate in 2007-2011 and Previous Recessions; II. Theory: Target Wealth and Credit Conditions; 2. Consumption Function (Stable Arm of Phase Diagram); 3. A Wealth Shock; 4. Relaxation of a Natural Borrowing Constraint from 0 to h; 5. Dynamics of the Saving Rate after an Increase in Unemployment Risk; III. Data and Measurement Issues; 6. Net Worth-Disposable Income Ratio; 7. The Credit Easing Accumulated (CEA) Index; 8. Unemployment Risk E[sub(t)]u[sub(t+4)] and Unemployment Rate (Percent); IV. Reduced-Form Saving Regressions | |
| 505 | 8 | |a 13. Fit of the Structural Model-Actual and Fitted PSR (Percent of Disposable Income)14. Decomposition of Fitted PSR (Percent of Disposable Income); VI. Conclusions; 15. Alternative Measures of Credit Availability; 16. Growth of Real Disposable Income (Percent); 17. Personal Saving Rate (Percent of Disposable Income); Tables; 1. Preliminary Saving Regressions and the Time Trend; 2. Additional Saving Regressions I.-Robustness to Explanatory Variables; 3. Additional Saving Regressions II.-Sub-sample Stability; 4. Personal Saving Rate-Actual and Explained Change, 2007-2010 | |
| 505 | 8 | |a 5. Calibration and Structural Estimates6. Preliminary Saving Regressions and the Time Trend-Saving Rate Generated by the Structural Model; 7. Univariate Properties of Disposable Income and Personal Saving Rate; 8. Campbell (1987) Saving for a Rainy Day Regressions; References | |
| 520 | |a We argue that the U.S. personal saving rate's long stability (from the 1960's through the early 1980's), subsequent steady decline (1980's - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious 'buffer stock' model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the model is affected by the gap between 'target' and actual wealth, with the target wealth determined by credit conditions and uncertainty. An estimated structural version of the model suggests that increased credit availability accounts for. | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Saving and investment. | |
| 650 | 0 | |a Wealth. | |
| 650 | 6 | |a Richesse. | |
| 650 | 7 | |a wealth. |2 aat | |
| 650 | 7 | |a Saving and investment |2 fast | |
| 650 | 7 | |a Wealth |2 fast | |
| 700 | 1 | |a Sommer, Martin. | |
| 700 | 1 | |a Slacalek, Jiri. | |
| 758 | |i has work: |a Dissecting saving dynamics (Text) |1 https://id.oclc.org/worldcat/entity/E39PCFBHVtCB9pVRCyfpmMkp8C |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Carroll, Christopher. |t Dissecting Saving Dynamics: Measuring Wealth, Precautionary, and Credit Effects. |d Washington : International Monetary Fund, ©2012 |z 9781475505696 |
| 830 | 0 | |a IMF Working Papers. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1606970 |z Texto completo |
| 938 | |a EBL - Ebook Library |b EBLB |n EBL1606970 | ||
| 994 | |a 92 |b IZTAP | ||