Fed: Explaining World Savings
September 13, 2025
September 13, 2025
WASHINGTON, Sept. 13 (TNSRep) -- The Federal Reserve issued the following white paper in August 2025 by Colin Caines and Amartya Lahiri entitled "Explaining World Savings".
Here are excerpts:
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1 Introduction
Data on the world saving distribution reveals that cross-country differences in saving rates are significant and persistent. This is problematic for the standard model with time-additive preferences. Without equal rates of t . . .
Here are excerpts:
* * *
1 Introduction
Data on the world saving distribution reveals that cross-country differences in saving rates are significant and persistent. This is problematic for the standard model with time-additive preferences. Without equal rates of t . . .