| 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 |
|