Saving Behaviour and the Effectiveness of Fiscal Policy
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper examines the extent to which fiscal policy actions may be offset by simultaneous, anticipatory
changes in private saving, as well as the determinants of that offset. The conditions under which private agents will
engage in forward-looking consumption-smoothing behaviour are quite strict and unlikely to hold fully in practice.
However,...
