The fall in Colombian savings during the 1990s: theory and evidence

This After 1991 Colombia witnessed a sharp fall in the national savings rate (see figure 1.1), and in particular that of the private sector. Two hypotheses have been advanced for explaining this behavior. The first one stresses consumption smoothing within the Perrnanent Income Hypothesis framework...

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Detalles Bibliográficos
Autor Principal: Echeverry-Garzón, Juan Carlos
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 1996
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