Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/17827
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dc.contributor.authorStrauß, Hubert M.en_US
dc.date.accessioned2009-01-28T14:59:45Z-
dc.date.available2009-01-28T14:59:45Z-
dc.date.issued1999en_US
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_US
dc.language.isoengen_US
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen_US
dc.relation.ispartofseries|aKiel Working Paper |x963en_US
dc.subject.jelF32en_US
dc.subject.jelH31en_US
dc.subject.jelE27en_US
dc.subject.jelE21en_US
dc.subject.ddc330en_US
dc.subject.keywordPrivate Savingen_US
dc.subject.keywordCurrent Account Balanceen_US
dc.subject.keywordStock Market Wealthen_US
dc.subject.keywordCointegrationen_US
dc.subject.stwSparenen_US
dc.subject.stwLeistungsbilanzen_US
dc.subject.stwZahlungsbilanzungleichgewichten_US
dc.subject.stwWertpapieranlageen_US
dc.subject.stwAktienmarkten_US
dc.subject.stwVermögenseffekten_US
dc.subject.stwAufwertungen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwSchätzungen_US
dc.subject.stwVereinigte Staatenen_US
dc.titleStock Market Wealth, Private Saving, and the Current Account in the United States: Should We Worry?en_US
dc.typeWorking Paperen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:ifwkwp:963-
dc.identifier.printppn309474450en_US

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