Disaggregated savings. Some implications for a capital-based macroeconomic framework
| Autor: | Ignacio Martínez Fernández, Miguel Ángel Alonso Neira, Luis Palma Martos |
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| Jazyk: | English<br />Spanish; Castilian |
| Rok vydání: | 2023 |
| Předmět: | |
| Zdroj: | Cuadernos de Economía, Vol 42, Iss 88 (2023) |
| Druh dokumentu: | article |
| ISSN: | 0121-4772 2248-4337 |
| DOI: | 10.15446/cuad.econ.v42n88.102922 |
| Popis: | As Bagus and Howden (2010) highlighted, one of the paths to achieve a more fruitful understanding of the business cycle involves examining saving as a heterogeneous analytical category. The aim of this paper is to continue this line of inquiry using the capital-based framework developed by Garrison (2001). This paper contributes to the literature by studying the impact of heterogenous savings on economic growth and business cycles in a capital-based macroeconomics framework. With this aim the implications of disaggregated saving is analysed by means of the differential market signals that are generated by cash-build savings (Pătruți, 2017) and loanable funds accessible through the credit markets. |
| Databáze: | Directory of Open Access Journals |
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