Financial Deregulation and Household Saving
An empirical model of the relationship between financial deregulation and household saving is developed and estimated using regional data for the United Kingdom. Financial deregulation is found to be associated with a rise in the sensitivity of household saving to wealth, income, and the real interest rate, as well as being associated with an autonomous fall of 2$71 percentage points in the personal saving rate. Copyright 1993 by Royal Economic Society.
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Volume (Year): 103 (1993)
Issue (Month): 421 (November)
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- Ermisch, John & Westaway, Peter, 1994. "The Dynamics of Aggregate Consumption in an Open Economy Life Cycle Model," Scottish Journal of Political Economy, Scottish Economic Society, vol. 41(2), pages 113-27, May.
- Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834.
- Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66, pages 467.
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