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Dissecting Saving Dynamics : Measuring Wealth, Precautionary, and Credit Effects

Author/Editor: Christopher Carroll, Martin Sommer, Jiri Slacalek.

Release Date: September, 2012

Price: $18.00

We argue that the U.S. personal saving rate’s long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) more...



Innocent Bystanders? Monetary Policy and Inequality in the U.S.

Author/Editor: Olivier Coibion, Yuriy Gorodnichenko, Lorenz Kueng, John Silvia.

Release Date: August, 2012

Price: $18.00

We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically more...



The Role of Structural Reforms in Raising Economic Growth in Central America

Author/Editor: Andrew Swiston, Luis Barrot.

Release Date: October, 2011

Price: $18.00

Central America experienced moderate growth during the last decade, including in the years leading up to the global financial crisis, but the rate of convergence toward advanced country income levels more...



Brazil's Long-Term Growth Performance—Trying to Explain the Puzzle

Author/Editor: Ricardo Adrogué, Martin D Cerisola, R G Gelos.

Release Date: December, 2006

Price: $18.00

This paper assesses Brazil's growth performance from a long-term perspective, using crosscountry and panel estimation techniques, building on the vast empirical literature on growth. The empirical more...