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An alternative measure of saving that treats consumer durables, like autos, as investments would raise the measured rate of saving considerably.
The distinction between capital spending and consumption spending also affects the way economists interpret the rate of saving.
A tax cut that isn't accompanied by spending cuts, such as Bush's, forces the Treasury to borrow more, which lowers the national rate of saving.
"For the economy to grow at a satisfactory rate, given current policies, it would be necessary for the still-low rate of saving to fall over time".
How can this reflect private saving?Mr Gourinchas doubts that depressing the exchange rate could sustain a high rate of saving for long.
In contrast, many economists forecast that over the next few years America's saving rate will rise to at least 6% as consumers are forced to trim their debts.Japan's high rate of saving used to be the main reason for its large current-account surplus.
Similar(34)
Based on the rate of saved visits in pilots, this could save NHS provider organisations £68,000 a year.
Similar to Kotwal et al., we followed the principle of "golden hour", aiming to reduce the time between injury and medical care to increase the rate of saved lives of combat patients and in agreement with [17].
High rates of saving do not guarantee rapid economic growth (think of Germany).
Germany and Japan, for instance, offer better education than America and they have higher rates of saving.
For another, many people will still be intent on rebuilding their nest-eggs, which is reflected in sharply rising rates of saving.
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