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|a GWRE
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| 050 |
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4 |
|a HG3881.5.I58
|b W67 No. 12/134eb
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| 100 |
1 |
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|a Cherif, Reda,
|e author.
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| 245 |
1 |
4 |
|a The volatility trap :
|b precautionary saving, investment, and aggregate risk /
|c prepared by Reda Cherif and Fuad Hasanov.
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| 260 |
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|a [Washington, D.C.] :
|b International Monetary Fund,
|c ©2012.
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| 300 |
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|a 1 online resource (21 pages) :
|b illustrations.
|
| 336 |
|
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|a text
|b txt
|2 rdacontent.
|
| 337 |
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|a computer
|b c
|2 rdamedia.
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| 338 |
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|a online resource
|b cr
|2 rdacarrier.
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| 340 |
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|g polychrome.
|2 rdacc.
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| 347 |
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|a data file.
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| 490 |
1 |
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|a IMF working paper ;
|v WP/12/134.
|
| 500 |
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|a Title from PDF title page (IMF Web site, viewed June 1, 2012)
|
| 504 |
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|a Includes bibliographical references.
|
| 500 |
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|a "Institute for Capacity Development."
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| 500 |
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|a "May 2012."
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| 505 |
0 |
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|a Cover; Abstract; Contents; Introduction; II. A "Store-or-Sow" Model of Precautionary Saving and Investment; III. Results and Implications; Figures; 1. Precautionary Saving and the Golden Rule Investment Rate; 2. A Phase Diagram of Precautionary Saving and Investment Rates; 3. Precautionary Saving and Investment Rates vs. Volatility of Permanent Shocks; 4. Precautionary Saving and Investment Rates vs. Volatility of Temporary Shocks; IV. An Empirical Relationship Among Investment, Saving, and Volatility; Tables; 1. Saving, Investment, and Volatility: Descriptive Statistics.
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| 505 |
8 |
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|a 5. Saving vs. Investment6. Saving vs. Investment-Saving Ratio; V. Concluding Remarks; 2. Panel Fixed Effects Regressions; References; Appendix Table. Average Investment, Saving, and Volatility (1970-2008)
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| 520 |
3 |
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|a We study the effects of permanent and temporary income shocks on precautionary saving and investment in a "store-or-sow" model of growth. High volatility of permanent shocks results in high precautionary saving in the safe asset and low investment, or a "volatility trap." Namely, big savers invest relatively little. In contrast, low volatility of permanent shocks leads to low precautionary saving and high or low investment, depending on the volatility of temporary shocks. Empirical evidence shows a nonlinear relationship between investment and saving and that investment is a hump-shaped function of the volatility of permanent shocks, as predicted by the model.
|
| 650 |
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0 |
|a Saving and investment
|x Econometric models.
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| 650 |
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0 |
|a Risk
|x Econometric models.
|
| 650 |
|
7 |
|a Risk
|x Econometric models.
|2 fast
|0 (OCoLC)fst01098121.
|
| 650 |
|
7 |
|a Saving and investment
|x Econometric models.
|2 fast
|0 (OCoLC)fst01105962.
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| 700 |
1 |
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|a Hasanov, Fuad,
|d 1978-
|e author.
|
| 710 |
2 |
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|a International Monetary Fund.
|b Institute for Capacity Development,
|e issuing body.
|
| 776 |
0 |
8 |
|i Print version:
|a Cherif, Reda.
|t Volatility Trap: Precautionary Saving, Investment, and Aggregate Risk.
|d Washington : International Monetary Fund, ©2012
|z 9781475503869.
|
| 830 |
|
0 |
|a IMF working paper ;
|v WP/12/134.
|
| 856 |
4 |
0 |
|u https://ebookcentral.proquest.com/lib/ucb/detail.action?docID=1606753
|z Full Text (via ProQuest)
|
| 907 |
|
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|a .b96769026
|b 02-20-23
|c 10-03-17
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| 998 |
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|a web
|b - -
|c f
|d b
|e z
|f eng
|g dcu
|h 4
|i 2
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| 915 |
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|a -
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| 956 |
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|a Ebook Central Academic Complete
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| 956 |
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|b Ebook Central Academic Complete
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f |
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|p Can circulate
|a University of Colorado Boulder
|b Online
|c Online
|d Online
|e HG3881.5.I58 W67 No. 12/134eb
|h Library of Congress classification
|i web
|n 1
|
