Spanish paper analyses determinants of private saving
Fiscal, demographic, financial and income effects are key, researchers find
A working paper published by the Bank of Spain uses data from the world’s 35 largest economies from 1980 to 2012 to analyse the possible determinants of private saving.
In Private saving: new cross-country evidence based on Bayesian techniques, Ignacio Hernando, Irene Pablos, Daniel Santabárbara and Javier Vallés list “a set of fundamentals that the literature has catalogued as plausible determinants of private saving”. They present a model based on Bayesian model averaging to analyse how these
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