Search Results - "consumption smoothing"
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Intertemporal approach to the current account: evidence from Malaysia and Indonesia
Published 2013“…Meanwhile, Indonesia’s external imbalances revealed the followings: deficits of the mid-1980s and 1990s prior to the 1997 crisis appeared to be an unsustainable path; surpluses during the post-crisis period deviated from the ‘optimal path’ significantly, implying that savings had reached a level that was beyond what would be required to support full ‘consumption-smoothing’; and capital movements appeared to be excessively volatile.…”
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Intertemporal approach to the current account: evidence from Malaysia and Indonesia
Published 2013“…Meanwhile, Indonesia’s external imbalances revealed the followings: deficits of the mid-1980s and 1990s prior to the 1997 crisis appeared to be an unsustainable path; surpluses during the post-crisis period deviated from the ‘optimal path’ significantly, implying that savings had reached a level that was beyond what would be required to support full ‘consumption-smoothing’; and capital movements appeared to be excessively volatile.…”
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Endogenous growth and wave-like business fluctuations
Published 2014“…In this framework, an optimal allocation may be restored at equilibrium by the mean of a procyclical subsidy, needed to generate additional consumption smoothing. Finally, a procyclical R&D subsidy rate designed to half consumption fluctuations will increase the growth rate from 2.4% to 3.4% with a 9.6% (compensation equivalent) increase in welfare.…”
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Malaysia’s current account deficits : an intertemporal optimization perspective.
Published 2008“…All in all, we found that the actual path moves reasonably close to the estimated consumption-smooth currents accounts, suggesting that the current account balances satisfy the external solvency condition. …”
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A comparative analysis of Australian and Hong Kong retirement systems
Published 2016“…The World Bank’s leading involvement in pension reform, globally, has identified that the main objectives of a pension system continues to be poverty alleviation and consumption smoothing — beneath the umbrella of social protection. …”
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Universal banking, asymmetric information and the stock market
Published 2017“…We set up a stylized model of consumption smoothing involving universal banks that undertake both investment and commercial banking activities. …”
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Income diversification in enhancing food security among rural households in Nigeria
Published 2015“…The diversification is seen as not only key to consumption smoothing but as a strategy to deal with different shocks. …”
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The intertemporal approach to the current account: Evidence from Indonesia and Malaysia
Published 2007“…We found that the Malaysia’s actual path moves closely to the estimated consumption-smooth currents accounts, with small (insignificant) deviations between them. …”
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The structure of society
Published 2017“…When consumption is broken down into several sub-categories, we find that the idea of consumption smoothing appears to be most applicable to the upper class.…”
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