'Global' Saving and Interest Rate Behaviour: Why Don't International Capital Markets Clear?
This paper examines the empirical evidence on saving trends in the global economy and the emergence of a single real long-term interest rate, from a Keynesian point of view. The essentially Ricardian position of bodies such as the IMF implies a 'savings shortage' which is theoretically imp...
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| Formaat: | Journal article |
| Taal: | English |
| Gepubliceerd in: |
1996
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'Global' Saving and Interest Rate Behaviour: Why Don't International Capital Markets Clear?
Gepubliceerd in 1998
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