DISAGGREGATED SAVINGS. SOME IMPLICATIONS FOR A CAPITAL-BASED MACROECONOMIC FRAMEWORK

被引:0
|
作者
Fernandez, Ignacio Martinez [1 ]
Neira, Miguel Angel Alonso [2 ]
Martos, Luis Palma [1 ]
机构
[1] Univ Seville, Dept Econ & Econ Hist, Seville, Spain
[2] King Juan Carlos Univ, Dept Appl Econ 1, Madrid, Spain
来源
CUADERNOS DE ECONOMIA | 2023年 / 42卷 / 88期
关键词
Business cycles; cash-built savings; term structure of savings; money demand; DEMAND;
D O I
10.15446/cuad.econ.v42n88.102922
中图分类号
F [经济];
学科分类号
02 ;
摘要
As Bagus and Howden (2010) highlighted, one of the paths to achieve a more fruitful understanding of the business cycle involves examining saving as a het-erogeneous analytical category. The aim of this paper is to continue this line of inquiry using the capital-based framework developed by Garrison (2001). This paper contributes to the literature by studying the impact of heterogenous sav-ings on economic growth and business cycles in a capital-based macroeconomics framework. With this aim the implications of disaggregated saving is analysed by means of the differential market signals that are generated by cash-build savings (Patruti, 2017) and loanable funds accessible through the credit markets.
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页数:22
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