04275oam 22010694 450 991078822730332120230721045720.01-4623-4264-71-4518-7344-11-282-84405-997866128440581-4527-7932-5(CKB)3170000000055345(SSID)ssj0001476207(PQKBManifestationID)11847412(PQKBTitleCode)TC0001476207(PQKBWorkID)11442151(PQKB)10026376(OCoLC)694141007(MiAaPQ)EBC1608820(IMF)WPIEE2009197(EXLCZ)99317000000005534520020129d2009 uf 0engurcn|||||||||txtccrFrugality : Are We Fretting Too Much? Household Saving and Assets in the United States /Evan Tanner, Yasser AbdihWashington, D.C. :International Monetary Fund,2009.51 p. illIMF Working Papers"Middle East and Central East Department ; IMF Institute"."September 2009".1-4519-1767-8 Includes bibliographical references.Household savings rates in the United States have recently crept up from all-time lows. Some have suggested that a shift toward frugality will hamper GDP growth-the Keynesian "paradox of thrift." We estimate that households compensate for a fall in their asset income by saving more out of their labor income, dollar-for-dollar. In the wake of the crisis, our model predicts that such primary savings will increase, but only temporarily and modestly, as household assets stabilize. As savings flows gradually accumulate, they help rebuild corporate net worth and hence firms' capacity to make capital investments. A timely return to pre-crisis levels of capital investment would require that U.S. households save substantially more than the model predicts, starting now. Hence, we should fret that our savings rates may be too low.IMF Working Papers; Working Paper ;No. 2009/197Saving and investmentUnited StatesEconometric modelsIncomeUnited StatesEconometric modelsWealthUnited StatesEconometric modelsInvestments: StocksimfMacroeconomicsimfPersonal Income, Wealth, and Their DistributionsimfAggregate Factor Income DistributionimfMacroeconomics: ConsumptionimfSavingimfWealthimfPension FundsimfNon-bank Financial InstitutionsimfFinancial InstrumentsimfInstitutional InvestorsimfInvestment & securitiesimfDisposable incomeimfIncomeimfConsumptionimfPersonal incomeimfStocksimfNational incomeimfEconomicsimfUnited StatesimfSaving and investmentEconometric models.IncomeEconometric models.WealthEconometric models.Investments: StocksMacroeconomicsPersonal Income, Wealth, and Their DistributionsAggregate Factor Income DistributionMacroeconomics: ConsumptionSavingWealthPension FundsNon-bank Financial InstitutionsFinancial InstrumentsInstitutional InvestorsInvestment & securitiesDisposable incomeIncomeConsumptionPersonal incomeStocksNational incomeEconomicsTanner Evan1464144Abdih Yasser1462111International Monetary Fund.Middle East and Central Asia Dept.IMF Institute.DcWaIMFBOOK9910788227303321Frugality3741577UNINA