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The Feldstein-Horioka paradox: modern aspects

Author

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  • Zubarev, Andrei

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Trunin, Pavel

    (Gaidar Institute for Economic Policy)

Abstract

The main purpose of this work is to test the hypothesis of reducing the mobility of global capital after the financial crisis of 2008-2009. As part of the constructed models to test hypotheses about the long-term and short-term mobility of global capital by evaluating the correlation between savings and investment. Also in the paper the issue of capital mobility in Russia. The results obtained are formulated recommendations on monetary policy in Russia in the coming years.

Suggested Citation

  • Zubarev, Andrei & Trunin, Pavel, 2013. "The Feldstein-Horioka paradox: modern aspects," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 54-73, August.
    • Handle: RePEc:rnp:ecopol:ep1347
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    References listed on IDEAS

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    Cited by:

    1. Idrisov, Georgy & Kazakova, Maria & Polbin, Andrey, 2015. "A theoretical interpretation of the oil prices impact on economic growth in contemporary Russia," Russian Journal of Economics, Elsevier, vol. 1(3), pages 257-272.
    2. Golub, A. & Potashnikov, V., 2022. "Theoretical analysis of development traps: On the example of Russia," Journal of the New Economic Association, New Economic Association, vol. 54(2), pages 56-74.

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