𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Solving the Feldstein–Horioka Puzzle With Financial Frictions

✍ Scribed by Yan Bai; Jing Zhang


Book ID
111857391
Publisher
John Wiley and Sons
Year
2010
Tongue
English
Weight
353 KB
Volume
78
Category
Article
ISSN
0012-9682

No coin nor oath required. For personal study only.


📜 SIMILAR VOLUMES


The Feldstein–Horioka puzzle and capital
✍ Jerry Coakley; Farida Kulasi; Ron Smith 📂 Article 📅 1998 🏛 John Wiley and Sons 🌐 English ⚖ 202 KB

This paper reviews how economists responded to the Feldstein -Horioka (FH) view that a high saving-investment association across OECD countries implied low capital mobility. This posed an uncomfortable puzzle since the conventional wisdom in most exchange rate and open-economy macroeconomic models w