| Titre | Cycle de vie et élasticité de l'épargne des ménages au taux d'intérêt | |
|---|---|---|
| Auteur | Katheline Schubert | |
 |
Revue | Economie et prévision |
| Numéro | no 104, 1992/3 Politique budgetaire, taux d'intérêt, taux de change | |
| Rubrique / Thématique | Politique budgétaire, taux d'intérêt, taux de change |
|
| Page | 115-128 | |
| Résumé anglais |
Life Cycle and the Elasticity of Household Savings in Response to Interest Rates,
by Katheline Schubert.
The value of the elasticity of household savings in response to interest rates is argued. Whereas econometric tests show that it is very low, next to nil, in fact, the theoretical results obtained using the life-cycle model show that it can be very high. We adopt the latter of the two approaches and examine the determinants of such elasticity using a model of partial equilibrium. Over the long term, it can take on a wide range of values which are positive in nearly every case. A model of general computable equilibrium enables us both to examine the transitional paths which develop subsequent to a drastic change in interest rates and to distinguish between short-term and long-term elasticity. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1992_num_104_3_5296 |
