The Feldstein-Horioka Fact

被引：0

作者：

Giannone, Domenico ^{[1
]}

Lenza, Michele ^{[1
]}

Clarida, Richard H. ^{[1
]}

Lane, Philip R. ^{[1
]}

机构：

[1] European Cent Bank, Frankfurt, Germany

来源：

NBER INTERNATIONAL SEMINAR ON MACROECONOMICS 2009 | 2010年 / 6卷

关键词：

CAPITAL MOBILITY; PRODUCTIVITY; INVESTMENT; INFERENCE; COMMON; MODEL;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper shows that general equilibrium effects can partly rationalize the high correlation between saving and investment rates observed in OECD countries. We find that if we control for general equilibrium effects, the saving-retention coefficient remains high in the 1970s but decreases considerably since the 1980s, consistent with the increased capital mobility in OECD countries.

引用

页码：103 / +

页数：23

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