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1. |
Record Nr. |
UNINA9910779225603321 |
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Autore |
Cherif Reda |
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Titolo |
The Volatility Trap : : Precautionary Saving, Investment, and Aggregate Risk / / Reda Cherif, Fuad Hasanov |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2012 |
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ISBN |
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1-4755-1887-0 |
1-4755-7069-4 |
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Descrizione fisica |
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1 online resource (23 p.) |
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Collana |
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Altri autori (Persone) |
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Soggetti |
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Risk |
Saving and investment |
Investments: Commodities |
Exports and Imports |
Macroeconomics |
Macroeconomics: Consumption |
Saving |
Wealth |
Investment |
Capital |
Intangible Capital |
Capacity |
Intertemporal Consumer Choice |
Life Cycle Models and Saving |
Economic Growth and Aggregate Productivity: General |
Aggregate Factor Income Distribution |
Current Account Adjustment |
Short-term Capital Movements |
Agriculture: General |
International economics |
Investment & securities |
Precautionary savings |
Income |
Income shocks |
Current account surpluses |
Agricultural commodities |
National accounts |
Balance of payments |
Commodities |
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Farm produce |
United States |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Cover; Abstract; Contents; Introduction; II. A "Store-or-Sow" Model of Precautionary Saving and Investment; III. Results and Implications; Figures; 1. Precautionary Saving and the Golden Rule Investment Rate; 2. A Phase Diagram of Precautionary Saving and Investment Rates; 3. Precautionary Saving and Investment Rates vs. Volatility of Permanent Shocks; 4. Precautionary Saving and Investment Rates vs. Volatility of Temporary Shocks; IV. An Empirical Relationship Among Investment, Saving, and Volatility; Tables; 1. Saving, Investment, and Volatility: Descriptive Statistics |
5. Saving vs. Investment6. Saving vs. Investment-Saving Ratio; V. Concluding Remarks; 2. Panel Fixed Effects Regressions; References; Appendix Table. Average Investment, Saving, and Volatility (1970-2008) |
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Sommario/riassunto |
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We study the effects of permanent and temporary income shocks on precautionary saving and investment in a "store-or-sow" model of growth. High volatility of permanent shocks results in high precautionary saving in the safe asset and low investment, or a "volatility trap." Namely, big savers invest relatively little. In contrast, low volatility of permanent shocks leads to low precautionary saving and high or low investment, depending on the volatility of temporary shocks. Empirical evidence shows a nonlinear relationship between investment and saving and that investment is a hump-shaped function of the volatility of permanent shocks, as predicted by the model. |
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2. |
Record Nr. |
UNINA9910557683303321 |
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Autore |
Carlos Crispín José |
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Titolo |
Mechanisms by which SLE-Associated Genetic Variants Contribute to SLE Pathogenesis |
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Pubbl/distr/stampa |
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Descrizione fisica |
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1 online resource (130 p.) |
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Soggetti |
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Immunology |
Medicine and Nursing |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Sommario/riassunto |
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This eBook is a collection of articles from a Frontiers Research Topic. Frontiers Research Topics are very popular trademarks of the Frontiers Journals Series: they are collections of at least ten articles, all centered on a particular subject. With their unique mix of varied contributions from Original Research to Review Articles, Frontiers Research Topics unify the most influential researchers, the latest key findings and historical advances in a hot research area! Find out more on how to host your own Frontiers Research Topic or contribute to one as an author by contacting the Frontiers Editorial Office: frontiersin.org/about/contact |
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