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dc.contributor.author
Schmidt, Caroline
dc.date.accessioned
2017-12-08T10:16:50Z
dc.date.available
2017-06-12T17:18:58Z
dc.date.available
2017-12-08T10:16:50Z
dc.date.issued
2006-08
dc.identifier.uri
http://hdl.handle.net/20.500.11850/124160
dc.identifier.doi
10.3929/ethz-a-005277762
dc.description.abstract
In this paper, it is argued that the observed high positive correlation be tween national savings and investment which is found in the data can in part be explained by shocks to monetary policy. This hypothesis, which is established by reviewing some empirical findings, is tested in a two-country DSGE-model framework in the tradition of the New Open Economy Macroeconomics. The simulation results obtained support the idea that shocks to monetary policy might contribute to the explanation of the Feldstein-Horioka puzzle.
en_US
dc.language.iso
en
en_US
dc.publisher
KOF Swiss Economic Institute, ETH Zurich
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
Feldstein-Horioka Puzzle
en_US
dc.subject
Monetary Policy Shocks
en_US
dc.subject
MONETARY POLICY
en_US
dc.subject
SPARKASSEN + ERSPARNISSE (BANKWESEN)
en_US
dc.subject
Savings Investment Correlations
en_US
dc.subject
INVESTMENTS
en_US
dc.subject
SAVINGS BANKS + SAVING
en_US
dc.subject
Local-currency pricing
en_US
dc.subject
INVESTITIONEN
en_US
dc.subject
GELDPOLITIK
en_US
dc.title
Savings and Investment Correlations in Response to Monetary Policy Shocks: New Insights into the Feldstein-Horioka Puzzle?
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.title.subtitle
new insights into the Feldstein-Horioka puzzle?
en_US
ethz.journal.title
KOF Working Papers
ethz.journal.volume
144
en_US
ethz.size
42 p.
en_US
ethz.code.ddc
3 - Social sciences::330 - Economics
en_US
ethz.notes
.
en_US
ethz.identifier.nebis
005277762
ethz.publication.place
Zürich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
ethz.date.deposited
2017-06-12T17:19:43Z
ethz.source
ECOL
ethz.source
ECIT
ethz.identifier.importid
imp59366aa3b42ee44767
ethz.identifier.importid
imp593654f83956796175
ethz.ecolpid
eth:29090
ethz.ecitpid
pub:186604
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2017-07-15T10:07:14Z
ethz.rosetta.lastUpdated
2018-11-06T05:18:13Z
ethz.rosetta.exportRequired
true
ethz.rosetta.versionExported
true
ethz.COinS
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