Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/153307
Authors: 
Giannone, Domenico
Lenza, Michele
Year of Publication: 
2008
Series/Report no.: 
ECB Working Paper 873
Abstract: 
This paper shows that general equilibrium effects can partly rationalize the high correlation between saving and investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving-retention coefficient remains high in the 70’s but decreases considerably since the 80’s, consistently with the increased capital mobility in OECD countries.
Subjects: 
Capital Mobility
Dynamic Factor Model
International Comovement
Saving-Investment Correlation
JEL: 
C23
F32
F41
Document Type: 
Working Paper
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