Resource title

Stock Market Wealth, Private Saving, and the Current Account in the United States: Should We Worry?

Resource image

image for OpenScout resource :: Stock Market Wealth, Private Saving, and the Current Account in the United States: Should We Worry?

Resource description

The paper investigates by means of cointegration analysis whether the recently observed low levels of private saving and the current account balance in the United States are worrisome in the sense that they cannot be sufficiently explained by determinants which performed well in the past. Stock market wealth of private households is taken into account and turns out to be the main dampening factor of private saving during the nineties. Unlike the current account deficit, which reflects low saving, higher growth with respect to the rest of the world and the high dollar, private saving is much lower than predicted by the model in 1999.

Resource author

Hubert M. Strauß

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/17827

Resource license

Adapt according to the presented license agreement and reference the original author.