Saving and Investment in the Twenty-First Century : The Great Divergence

Saving and Investment in the Twenty-First Century : The Great Divergence

The economy of the 21st century in the OECD countries and in China, is characterized by a new phenomenon: the structural surplus of private savings in relation to private investment. This is true even in a situation of prosperity and very low interest rates. On the one hand, this excess saving is du...

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Bibliographic Details
Main Author: von Weizsäcker, Carl Christian (auth)
Other Authors: Krämer, Hagen M. (auth)
Format: Book Chapter
Published: Springer Nature 2021
Subjects:
Macroeconomics
Political economy
Public finance
International economics
Economic history
Macroeconomics/Monetary Economics//Financial Economics
Economic Policy
Public Finance
International Economics
History of Economic Thought/Methodology
Macroeconomics and Monetary Economics
History of Economic Thought and Methodology
Capital supply, capital demand
Public debt
Demography
Neo-Austrian capital theory
Keynesian economics
Private savings
Private investment
Interest rates
Open Access
Monetary economics
Public finance & taxation
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