Download This PaperThe Savings-Inflation Puzzle
11 Pages Posted: 16 Feb 2006
Date Written: January 2006
Abstract
We find that inflation did not unanimously decrease savings in the US during the postwar period. This result is puzzling as it contradicts the implications of most monetary general equilibrium models.
Keywords: inflation, savings, nominal interest taxation
JEL Classification: E21, E65
Suggested Citation: Suggested Citation
CESifo (Center for Economic Studies and Ifo Institute) ( email )
Poschinger Str. 5
Munich, DE-81679
Germany
CESifo (Center for Economic Studies and Ifo Institute)
Poschinger Str. 5
Munich, DE-81679
Germany
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