Frugality.

Household savings rates in the United States have recently crept up from all-time lows. Some have suggested that a shift toward frugality will hamper GDP growth-the Keynesian ""paradox of thrift."" We estimate that households compensate for a fall in their asset income by saving...

Full description

Saved in:
Bibliographic Details
Main Author: Tanner, Evan
Other Authors: Abdih, Yasser
Format: eBook
Language:English
Published: Washington : International Monetary Fund, 2009.
Series:IMF Working Papers.
Subjects:
Online Access:Click for online access

MARC

LEADER 00000cam a2200000Mu 4500
001 ocn870245467
003 OCoLC
005 20241006213017.0
006 m o d
007 cr |n|||||||||
008 140208s2009 dcu o 000 0 eng d
040 |a EBLCP  |b eng  |e pn  |c EBLCP  |d OCLCQ  |d YDXCP  |d OCLCQ  |d ZCU  |d MERUC  |d ICG  |d OCLCO  |d OCLCF  |d OCLCQ  |d DKC  |d OCLCO  |d AU@  |d OCLCQ  |d OCLCO  |d OCLCQ  |d OCLCO  |d OCLCL 
020 |a 9781452779324 
020 |a 1452779325 
035 |a (OCoLC)870245467 
043 |a n-us--- 
050 4 |a HC110 .S3 A235 2009 
049 |a HCDD 
100 1 |a Tanner, Evan. 
245 1 0 |a Frugality. 
260 |a Washington :  |b International Monetary Fund,  |c 2009. 
300 |a 1 online resource (69 pages) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF Working Papers ;  |v v. Working Paper No. 09/197 
588 0 |a Print version record. 
505 0 |a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; Box 1. Recent Views on U.S. Savings and the Paradox Of Thrift in the Popular and Financial Press; II. Indicators of Household Wealth and Saving in the United States.; Table 1. United States: Household Assets and Liabilities Averages by Decade; Table 2. United States: Household Assets and Liabilities Averages by Decade; Table 3. United States: Household Assets and Liabilities Changes between Decades; Figure 1. Household Net Wealth and Personal Savings (in Percent of GDP). 
505 8 |a Figure 2. United States: Real Rates of Return on Assets Percent per Annum, YearlyFigure 3. United States: Saving, Alternative Measures (In Percent of Disposable; III. An Inverse Relationship between Primary Savings and Asset Income?; IV. The Estimated Relation Between Primary Saving and Asset Income; Figure 4. Impulse Response Functions, VECM System (3(); V. Prospective Analysis: Alternative Scenarios for Savings and Assets; A. Forward Simulations; Table 4. Summary of Estimates, Equations (4a), (4b), (4c); B. Stochastic Simulation (No Change to Parameters). 
505 8 |a Figure 5. Primary Savings (S*)-Stochastic Simulations US BillionC. Alternative "New Frugality" Scenarios: Structural Shifts In The Model; Figure 6. Net Worth (A, Upper Chart) and Primary Savings (S*, Lower Chart), ; Table 5. Summary of Alternative Savings Scenarios; VI. Pleasant Pigovian Accounting? Further Reflections on the Paradox of Thrift; A. An Accounting Model; Figure 7. U.S. Savings: Corporate vs. Household Savings; Figure 8. US: Capital Formation and Net Wealth; B. Prospective Paths for Consumer Expenditures; Figure 9. US Household Consumption; C. Capital Investment. 
505 8 |a Table 6. Summary of Estimates, Equation (12)Table 7. Summary of Estimates, Equation (13); Figure 10. Fixed Capital Formation (FC), Stochastic Simulations (US Billions); Figure 11. Total Fixed Investment (Billions of 2000 US); VII. Summary, Conclusions, and Directions for Future Work; Appendix A. Data Definitions; Appendix B. Assessing Transversality: Primary Savings and the Level of Assets; Appendix C. Estimation Details; Table A.1. Unit Root Tests for Variables in Levels and Differences; 1. Model Setup; Table A.2. Cointegration Analysis (Johansen (1990) Test. 
505 8 |a 2. Coefficient Estimates: Long-Run and Short-RunTable A.3. Hypothesis Tests, Restrictions on Cointegrating Coefficients; Appendix D. Pleasant Pigovian Accounting in an Open Economy; Table A.4. Summary of Estimates, VECM System (3'); References; Footnotes. 
520 |a Household savings rates in the United States have recently crept up from all-time lows. Some have suggested that a shift toward frugality will hamper GDP growth-the Keynesian ""paradox of thrift."" We estimate that households compensate for a fall in their asset income by saving more out of their labor income, dollar-for-dollar. In the wake of the crisis, our model predicts that such primary savings will increase, but only temporarily and modestly, as household assets stabilize. As savings flows gradually accumulate, they help rebuild corporate net worth and hence firms' capacity to make capit. 
650 0 |a Saving and investment  |z United States  |x Econometric models. 
650 0 |a Income  |z United States  |x Econometric models. 
650 0 |a Wealth  |z United States  |x Econometric models. 
650 7 |a Income  |x Econometric models  |2 fast 
650 7 |a Saving and investment  |x Econometric models  |2 fast 
650 7 |a Wealth  |x Econometric models  |2 fast 
651 7 |a United States  |2 fast  |1 https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq 
700 1 |a Abdih, Yasser. 
776 0 8 |i Print version:  |a Tanner, Evan.  |t Frugality: Are We Fretting Too Much? Household Saving and Assets in the United States.  |d Washington : International Monetary Fund, ©2009  |z 9781451873443 
830 0 |a IMF Working Papers. 
856 4 0 |u https://ebookcentral.proquest.com/lib/holycrosscollege-ebooks/detail.action?docID=1608820  |y Click for online access 
903 |a EBC-AC 
994 |a 92  |b HCD