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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18167Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Schrooten, Mechthild | - |
| dc.creator | Stephan, Sabine | - |
| dc.date | 2004 | - |
| dc.date.accessioned | 2013-10-16T06:58:34Z | - |
| dc.date.available | 2013-10-16T06:58:34Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/18167 | - |
| dc.identifier | ppn:390960985 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18167 | - |
| dc.description | Private savings mirror consumption behavior. In Europe, the dynamic of consumption is very low, and at the same time, savings are increasing. Is this a result of macroeconomic policy? A GMM estimator is used to analyze the determinants of private saving in the EU?s 15 member states. Our main findings are that savings rates inherit a certain degree of persistence and that income growth causes an increase in saving. While monetary policy is totally insignificant, fiscal policy has a major impact on private savings. The long-run effects of public deficits are greater than the effects of rising income. | - |
| dc.language | eng | - |
| dc.publisher | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin | - |
| dc.relation | DIW-Diskussionspapiere 431 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | E21 | - |
| dc.subject | C33 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Dynamic panel data model | - |
| dc.subject | private savings | - |
| dc.subject | European Union | - |
| dc.subject | GMM estimator | - |
| dc.subject | Sparen | - |
| dc.subject | Geldpolitik | - |
| dc.subject | Finanzpolitik | - |
| dc.subject | Wirtschaftspolitische Wirkungsanalyse | - |
| dc.subject | Schätzung | - |
| dc.subject | Einkommen | - |
| dc.subject | EU-Staaten | - |
| dc.title | Does Macroeconomic Policy Affect Private Savings in Europe? : Evidence From a Dynamic Panel Data Model | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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