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An update on Excess Savings in Selected Advanced Economies

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Abstract

In a previous FEDS Note, de Soyres, Moore, and Ortiz (2023), we conducted a comparison of household excess savings across advanced and emerging economies over different historical episodes. In that analysis, we found that the stock of excess savings accumulated during the pandemic in the U.S. was exhausted by 2023Q1, while other advanced economies were not expected to deplete their excess reserve until late in 2023.

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  • Francois de Soyres & Dylan Moore & Julio L. Ortiz, 2023. "An update on Excess Savings in Selected Advanced Economies," FEDS Notes 2023-12-15-3, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2023-12-15-3
    DOI: 10.17016/2380-7172.3426
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    File URL: https://www.federalreserve.gov/econres/notes/feds-notes/an-update-on-excess-savings-in-selected-advanced-economies-20231215.html
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    Cited by:

    1. Mariam Tchanturia & Jared Laxton & Douglas Laxton & Shalva Mkhatrishvili, 2024. "Covid-19 and the Return of the 3-Star Consumption Functions in the US," NBG Working Papers 03/2024, National Bank of Georgia.

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