A World Macro Saving Fact and an Explanation
28 Pages Posted: 5 Jan 2011
Date Written: January 3, 2011
Abstract
The world macro saving fact concerns the total financial saving of the world's private sector divided by world GDP. Relative to changes before 1994, there was a huge fall in this ratio between 1995 and 2000, a huge increase between 2000 and 2003, a huge fall between 2003 and 2006, and a huge increase between 2006 and 2009. The explanation is that these fluctuations appear to be driven in large part by fluctuations in stock prices and housing prices.
Keywords: Financial saving, World economy
JEL Classification: E21, E44, F41
Suggested Citation: Suggested Citation
Fair, Ray C., A World Macro Saving Fact and an Explanation (January 3, 2011). Cowles Foundation Discussion Paper No. 1776, Available at SSRN: https://ssrn.com/abstract=1734407 or http://dx.doi.org/10.2139/ssrn.1734407
Do you have negative results from your research you’d like to share?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.