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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/18167
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Schrooten, Mechthild | | en_US |
| dc.contributor.author | | Stephan, Sabine | | en_US |
| dc.date.accessioned | | 2009-01-28T15:39:49Z | | - |
| dc.date.available | | 2009-01-28T15:39:49Z | | - |
| dc.date.issued | | 2004 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/18167 | | - |
| dc.description.abstract | | 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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin | | en_US |
| dc.relation.ispartofseries | | DIW-Diskussionspapiere 431 | | en_US |
| dc.subject.jel | | E21 | | en_US |
| dc.subject.jel | | C33 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Dynamic panel data model | | en_US |
| dc.subject.keyword | | private savings | | en_US |
| dc.subject.keyword | | European Union | | en_US |
| dc.subject.keyword | | GMM estimator | | en_US |
| dc.subject.stw | | Sparen | | en_US |
| dc.subject.stw | | Geldpolitik | | en_US |
| dc.subject.stw | | Finanzpolitik | | en_US |
| dc.subject.stw | | Wirtschaftspolitische Wirkungsanalyse | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | Einkommen | | en_US |
| dc.subject.stw | | EU-Staaten | | en_US |
| dc.title | | Does Macroeconomic Policy Affect Private Savings in Europe? : Evidence From a Dynamic Panel Data Model | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 390960985 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des DIW DIW-Diskussionspapiere
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| dp431.pdf | | 474.31 kB | Adobe PDF |
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