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Precautionary Savings in the Great Recession

Precautionary Savings in the Great Recession »

Volume/Issue: 2012/42

Series: IMF Working Papers

Author(s): Ashoka Mody , Damiano Sandri , and Franziska Ohnsorge

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

DOI: http://dx.doi.org/10.5089/9781463936433.001

ISBN: 9781463936433

Keywords: uncertainty, Great Recession, unemployment, disposable income, unemployment rate, income growth, labor income, Economic Growth of Open Economies,

Heightened uncertainty since the onset of the Great Recession has materially increased saving rates, contributing to lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of...

Precautionary Savings in the Great Recession

Precautionary Savings in the Great Recession »

Source: Precautionary Savings in the Great Recession

Volume/Issue: 2012/42

Series: IMF Working Papers

Author(s): Ashoka Mody , Damiano Sandri , and Franziska Ohnsorge

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

ISBN: 9781463936433

Keywords: uncertainty, Great Recession, unemployment, disposable income, unemployment rate, income growth, labor income, Economic Growth of Open Economies,

Heightened uncertainty since the onset of the Great Recession has materially increased saving rates, contributing to lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of...