Feldstein-Horioka Puzzle: Modern Aspects

被引:0
|
作者
Zubarev, Andrei [1 ]
Trunin, Pavel [2 ]
机构
[1] RANEPA, Ctr Studies Cent Banks Problems, 82,Vernadsky Prosp, Moscow 119571, Russia
[2] Gaidar Inst Econ Policy, Monetary Policy Dept, Moscow 125993, Russia
来源
EKONOMICHESKAYA POLITIKA | 2013年 / 04期
关键词
Feldstein-Horioka puzzle; capital mobility; monetary policy;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
The primary purpose of this paper is to test the hypothesis of capital mobility reduction after the global financial crisis of 2008-2009. Through the constructed models we tested hypotheses about the long-term and short-term mobility of global capital by estimating the correlation between savings and investment rates. The paper also concerns the question of capital mobility in Russia. Recommendations on monetary policy in Russia in the coming years based on the achieved results are made.
引用
收藏
页码:54 / 73
页数:20
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