المستودع الأكاديمي جامعة المدينة

Stock Market Wealth, Private Saving, and the Current Account in the United States: Should We Worry?

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dc.creator Strauß, Hubert M.
dc.date 1999
dc.date.accessioned 2013-10-16T06:56:58Z
dc.date.available 2013-10-16T06:56:58Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17827
dc.identifier ppn:309474450
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17827
dc.description The paper investigates by means of cointegration analysis whether the recently observed low levels of private saving and the current account balance in the United States are worrisome in the sense that they cannot be sufficiently explained by determinants which performed well in the past. Stock market wealth of private households is taken into account and turns out to be the main dampening factor of private saving during the nineties. Unlike the current account deficit, which reflects low saving, higher growth with respect to the rest of the world and the high dollar, private saving is much lower than predicted by the model in 1999.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 963
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject F32
dc.subject H31
dc.subject E27
dc.subject E21
dc.subject ddc:330
dc.subject Private Saving
dc.subject Current Account Balance
dc.subject Stock Market Wealth
dc.subject Cointegration
dc.subject Sparen
dc.subject Leistungsbilanz
dc.subject Zahlungsbilanzungleichgewicht
dc.subject Wertpapieranlage
dc.subject Aktienmarkt
dc.subject Vermögenseffekt
dc.subject Aufwertung
dc.subject Wirtschaftswachstum
dc.subject Schätzung
dc.subject Vereinigte Staaten
dc.title Stock Market Wealth, Private Saving, and the Current Account in the United States: Should We Worry?
dc.type doc-type:workingPaper


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