Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7349178 | Economics Letters | 2018 | 13 Pages |
Abstract
This paper builds an Aiyagari model calibrated to the US economy in the 1930s and shows that the household precautionary saving motives can tremendously mitigate the investment decline possibly caused by the anticipated dividend tax increases during the Great Depression.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Lunan Jiang,