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Inflation, Capital Markets and Household Saving in the Nordic Countries

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Author Info
Koskela, Erkki
Viren, Matti
Abstract

Household saving ratios in the Nordic countries are very low by international standards and have declined markedly during the 1980s. Aggregate quarterly time-series data for the period 1970-89 are used to study the development of household saving behavior over time. The evidence suggests that the household saving ratio responds positively to both the inflation rate and real income growth. There is also some weak evidence to support the view that the rate of change in real housing prices has a negative effect on household saving ratios. Copyright 1992 by The editors of the Scandinavian Journal of Economics.

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Publisher Info
Article provided by Blackwell Publishing in its journal Scandinavian Journal of Economics.

Volume (Year): 94 (1992)
Issue (Month): 2 ()
Pages: 215-27
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Handle: RePEc:bla:scandj:v:94:y:1992:i:2:p:215-27

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  1. Patrick Honohan, 1995. "The Impact of Financial and Fiscal Policies on Saving," Papers WP059, Economic and Social Research Institute (ESRI). [Downloadable!]
  2. Elin Halvorsen, 2003. "Financial Deregulation and Household Saving. The Norwegian Experience Revisited," Discussion Papers 361, Research Department of Statistics Norway. [Downloadable!]
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This page was last updated on 2008-9-29.


This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.