Precautionary Savings and Global Imbalances in World General Equilibrium

Precautionary Savings and Global Imbalances in World General Equilibrium
In this paper we assess the implications of precautionary savings for global imbalances by considering a world economy model composed by the US, the Euro Area, Japan, China, oil-exporting countries, and the rest of the world. These areas are assumed to differ only with respect to GDP volatility which is calibrated based on the 1980-2008 period. The READ MORE...

Publication date: June 2011
ISBN 9781455263394
$18.00

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