Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks
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This paper examines the effect of exogenous shocks to savings on world capital markets. Using the exogenous shocks to US tax policy identified by Romer & Romer, we trace the impact of an exogenous shock to savings through the income accounting identities of the US and the rest of the world. We find
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美国国家经济研究局创建时间：
2009-06-01
