An Explanation of the Behavior of Personal Savings in the United States in Recent Years
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A sharp increase in the real interest rates in the U.S. in the 1980s was expected to induce a higher personal saving rate. Actually, between 1981 and 1983 the personal saving rate fell from 7.5 percent to 5.4 percent and for the 1985-1988 period it had averaged only 4 percent even though real
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美国国家经济研究局创建时间：
1989-07-01
