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dc.contributor.authorStrauß, Hubert M.en
dc.date.accessioned2009-01-28T14:59:45Z-
dc.date.available2009-01-28T14:59:45Z-
dc.date.issued1999-
dc.identifier.urihttp://hdl.handle.net/10419/17827-
dc.description.abstractThe 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.en
dc.language.isoengen
dc.publisher|aKiel Institute of World Economics (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x963en
dc.subject.jelF32en
dc.subject.jelH31en
dc.subject.jelE27en
dc.subject.jelE21en
dc.subject.ddc330en
dc.subject.keywordPrivate Savingen
dc.subject.keywordCurrent Account Balanceen
dc.subject.keywordStock Market Wealthen
dc.subject.keywordCointegrationen
dc.subject.stwSparenen
dc.subject.stwLeistungsbilanzen
dc.subject.stwZahlungsbilanzungleichgewichten
dc.subject.stwWertpapieranlageen
dc.subject.stwAktienmarkten
dc.subject.stwVermögenseffekten
dc.subject.stwAufwertungen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwSchätzungen
dc.subject.stwVereinigte Staatenen
dc.titleStock Market Wealth, Private Saving, and the Current Account in the United States: Should We Worry?-
dc.typeWorking Paperen
dc.identifier.ppn859818616en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:963en
dc.identifier.printppn309474450en

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