The Feldstein-Horioka Puzzle: Modern Aspects

Pavel Trunin and Andrey Zubarev

Working Papers from Gaidar Institute for Economic Policy

Abstract: The primary purpose of this paper is to test the hypothesis of capital mobility reduction in the wake of the global financial crisis of 2008-2009. Through the constructed models we tested hypotheses about the long- and short-term mobility of global capital by estimating the correlation between savings and investment rates. The paper also deals with the question of capital mobility in Russia. Recommendations on monetary policy in Russia in the coming years based on the obtained findings were made.

Keywords: Feldstein-Harioka puzzle; capital mobility; monetary policy (search for similar items in EconPapers)
JEL-codes: E52 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2013, Revised 2013
New Economics Papers: this item is included in nep-cis, nep-mac, nep-mon and nep-tra
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Citations: View citations in EconPapers (3)

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https://www.iep.ru/files/RePEc/gai/wpaper/0070Trunin.pdf Revised version, 2013 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:gai:wpaper:0070

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