In principle, there is little reason people, and countries facing different shocks, and income streams should strive for optimal saving rates. But in practice, the inter-temporal choices that underlie saving, are subject to externalities, market failures, and policy distortions, that can cause saving rates to differ from welfare-maximizing levels. The social value of saving could also exceed its private value, because of imperfections in global financial...
Voir la suite
Document also available in :
anglais
INFORMATION
-
1999/08/30
-
Fiche
-
26711
-
1
-
1
-
2010/07/01
-
Disclosed
-
Saving - what do we know, and why do we care?
-
capital flows