|
|
|
|
LEADER |
02664nmm a2200601 u 4500 |
001 |
EB000925887 |
003 |
EBX01000000000000000719483 |
005 |
00000000000000.0 |
007 |
cr||||||||||||||||||||| |
008 |
150128 ||| eng |
020 |
|
|
|a 9781463936433
|
100 |
1 |
|
|a Mody, Ashoka
|
245 |
0 |
0 |
|a Precautionary Savings in the Great Recession
|c Ashoka Mody, Damiano Sandri, Franziska Ohnsorge
|
260 |
|
|
|a Washington, D.C.
|b International Monetary Fund
|c 2012
|
300 |
|
|
|a 38 pages
|
651 |
|
4 |
|a United States
|
653 |
|
|
|a Wealth
|
653 |
|
|
|a Economics
|
653 |
|
|
|a Income
|
653 |
|
|
|a Labour
|
653 |
|
|
|a Short-term Capital Movements
|
653 |
|
|
|a Disposable income
|
653 |
|
|
|a Keynesian
|
653 |
|
|
|a Saving
|
653 |
|
|
|a Unemployment: Models, Duration, Incidence, and Job Search
|
653 |
|
|
|a Current Account Adjustment
|
653 |
|
|
|a Unemployment
|
653 |
|
|
|a General Aggregative Models: Keynes
|
653 |
|
|
|a Aggregate Factor Income Distribution
|
653 |
|
|
|a Personal Income, Wealth, and Their Distributions
|
653 |
|
|
|a National accounts
|
653 |
|
|
|a National income
|
653 |
|
|
|a Labor
|
653 |
|
|
|a Economic Growth of Open Economies
|
653 |
|
|
|a Precautionary savings
|
653 |
|
|
|a Cycles
|
653 |
|
|
|a Saving and investment
|
653 |
|
|
|a Consumption
|
653 |
|
|
|a Post-Keynesian
|
653 |
|
|
|a Macroeconomics
|
653 |
|
|
|a Macroeconomics: Consumption
|
653 |
|
|
|a Business Fluctuations
|
653 |
|
|
|a Unemployment rate
|
653 |
|
|
|a Income economics
|
700 |
1 |
|
|a Ohnsorge, Franziska
|
700 |
1 |
|
|a Sandri, Damiano
|
041 |
0 |
7 |
|a eng
|2 ISO 639-2
|
989 |
|
|
|b IMF
|a International Monetary Fund
|
490 |
0 |
|
|a IMF Working Papers
|
028 |
5 |
0 |
|a 10.5089/9781463936433.001
|
856 |
4 |
0 |
|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
|
082 |
0 |
|
|a 330
|
520 |
|
|
|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
|