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150128 ||| eng |
| 020 |
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|a 9781463936433
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| 100 |
1 |
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|a Mody, Ashoka
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| 245 |
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0 |
|a Precautionary Savings in the Great Recession
|c Ashoka Mody, Damiano Sandri, Franziska Ohnsorge
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2012
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| 300 |
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|a 38 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Wealth
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| 653 |
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|a Economics
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| 653 |
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|a Income
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| 653 |
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|a Labour
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| 653 |
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|a Short-term Capital Movements
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| 653 |
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|a Disposable income
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| 653 |
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|a Keynesian
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| 653 |
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|a Saving
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| 653 |
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|a Unemployment: Models, Duration, Incidence, and Job Search
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| 653 |
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|a Current Account Adjustment
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| 653 |
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|a Unemployment
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| 653 |
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|a General Aggregative Models: Keynes
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| 653 |
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|a Aggregate Factor Income Distribution
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| 653 |
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|a Personal Income, Wealth, and Their Distributions
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| 653 |
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|a National accounts
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| 653 |
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|a National income
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| 653 |
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|a Labor
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| 653 |
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|a Economic Growth of Open Economies
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| 653 |
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|a Precautionary savings
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| 653 |
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|a Cycles
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| 653 |
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|a Saving and investment
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| 653 |
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|a Consumption
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| 653 |
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|a Post-Keynesian
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Macroeconomics: Consumption
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| 653 |
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|a Business Fluctuations
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| 653 |
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|a Unemployment rate
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| 653 |
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|a Income economics
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| 700 |
1 |
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|a Ohnsorge, Franziska
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| 700 |
1 |
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|a Sandri, Damiano
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
5 |
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|a 10.5089/9781463936433.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/2012/042/001.2012.issue-042-en.xml?cid=25708-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a Heightened uncertainty since the onset of the Great Recession has materially increased saving rates, contributing to lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of uncertainty, we find for a panel of advanced economies that greater labor income uncertainty is significantly associated with higher household savings. These results are robust to controlling for other determinants of saving rates, including wealth-to-income ratios, the government fiscal balance, demographics, credit conditions, and global growth and financial stress. Our estimates imply that at least two-fifths of the sharp increase in household saving rates between 2007 and 2009 can be attributed to the precautionary savings motive
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