Disaggregated savings. Some implications for a capital-based macroeconomic framework

As Bagus and Howden (2010) highlighted, one of the paths to achieve a more fruitful understanding of the business cycle involves examining saving as a heterogeneous analytical category. The aim of this paper is to continue this line of inquiry using the capital-based framework developed by Garrison...

Full description

Saved in:
Bibliographic Details
Published inCuadernos de economía (Bogotá, Colombia) Vol. 42; no. 88; pp. 43 - 60
Main Authors Martínez Fernández, Ignacio, Alonso Neira, Miguel Ángel, Palma Martos, Luis
Format Journal Article
LanguageEnglish
Published Bogota Universidad Nacional de Colombia, Sede Medellin 01.01.2023
Universidad Nacional de Colombia
Subjects
ahorro en efectivo
Bond markets
build savings
Business cycles
Capital
cash
cash-build savings
ciclo económico
demanda de dinero
Economic growth
estructura temporal del ahorro
Frame analysis
Macroeconomics
money deman
money demand
Savings
term structure of savings
Online AccessGet full text

Cover

More Information
Summary:As Bagus and Howden (2010) highlighted, one of the paths to achieve a more fruitful understanding of the business cycle involves examining saving as a heterogeneous analytical category. The aim of this paper is to continue this line of inquiry using the capital-based framework developed by Garrison (2001). This paper contributes to the literature by studying the impact of heterogenous savings on economic growth and business cycles in a capital-based macroeconomics framework. With this aim the implications of disaggregated saving is analysed by means of the differential market signals that are generated by cash-build savings (Pătruți, 2017) and loanable funds accessible through the credit markets.
ISSN:0121-4772
2248-4337
DOI:10.15446/cuad.econ.v42n88.102922