Macroeconomics: Saving
A Nation of Money Hoarders (11/9/2001)
When the general price level keeps falling in a depressed economy with high unemployment, firms and consumers might not invest or consume more no matter how low the interest rate is. Instead, they would rather hold on to the money they already have or convert other assets into money.
When the general price level keeps falling in a depressed economy with high unemployment, firms and consumers might not invest or consume more no matter how low the interest rate is. Instead, they would rather hold on to the money they already have or convert other assets into money.
Bubble Saving (6/17/2010)
The US has been spending more than it earns and has to borrow from abroad to fund its real investment.
The US has been spending more than it earns and has to borrow from abroad to fund its real investment.
Can Social Security Be Saved? (6/29/1999)
Social Security cannot be saved because ballooning Baby Boomer retirees will inevitably increase the financial burden on future workers
Social Security cannot be saved because ballooning Baby Boomer retirees will inevitably increase the financial burden on future workers
Is Japan Saving Too Much? (6/29/1999)
Japan's economy is stuck in a prolonged stagnation because consumers' disposable income is too low and business saving is too high.
Japan's economy is stuck in a prolonged stagnation because consumers' disposable income is too low and business saving is too high.
