Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks
Published Date
Copyright 2012
DOI 10.1257/pol.4.2.95
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Copy CitationJames Feyrer and Jay Shambaugh, Fiscal Policy (Trans-Atlantic Public Economics Seminar, TAPES) (American Economic Journal: Economic Policy 4 (2), 2010), chap. 5, https://www.nber.org/books-and-chapters/fiscal-policy-trans-atlantic-public-economics-seminar-tapes/global-savings-and-global-investment-transmission-identified-fiscal-shocks.
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This paper examines the effect of exogenous shocks to savings on world capital markets. Using the exogenous shocks to...