Firms’ excess savings and the Dutch current-account surplus: a stock-flow consistent approach
Retained profits of firms exceed investment in the Netherlands. The resulting net savings are mainly invested in foreign assets, which is consistent with the surplus on the current account of the balance of payments. Both have increased to almost 10 per cent of GDP in recent years. We present a stock-flow consistent model to explain firms’ excess savings, inspired by Hein (2012), in an open economy context. This enables us to model the preference of firms to invest in financial assets abroad and to analyse the observed close link between firms’ excess savings and the current-account surplus. A... Mehr ...
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Dokumenttyp: | Artikel |
Erscheinungsdatum: | 2016 |
Reihe/Periodikum: | European Journal of Economics and Economic Policies: Intervention ; volume 13, issue 3, page 339-353 ; ISSN 2052-7764 2052-7772 |
Verlag/Hrsg.: |
Edward Elgar Publishing
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Schlagwörter: | Economics and Econometrics / Finance |
Sprache: | unknown |
Permalink: | https://search.fid-benelux.de/Record/base-26622022 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://dx.doi.org/10.4337/ejeep.2016.03.07 |