Consumption and saving behaviour: modelling recent trends

Article Abstract:

An analysis of the consumption and saving behavior in the United States (US) and the United Kingdom (UK) shows that the US and UK have divergent household consumption and personal saving behavior. However, structural models available are incapable of giving a comprehensive explanation for such behavior. The occurrence of vital trends, such as the considerable decline of the aggregate personal saving rate in the US in the 80's and its fluctuating pattern counterpart in the UK market, remains unexplained due to the absence of an ideal structural model that will explain such phenomenon.

Economics, Research and Development in the Social Sciences and Humanities, United States economic conditions, Consumption (Economics)

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Symposium on forecasting the state of public finances

Article Abstract:

Knowledge of the process of economic forecasting holds significance for both government policy makers and external analysts in order to trace any errors in its constituent parts. Forecasts of the public treasury are crucial to the United Kingdom government, which has not made accurate forecasts of late. The public sector borrowing requirement is the main concept behind UK policy which shows budget deficit. Other measures utilized include current balance, public sector financial deficit, and the general government financial deficit.

Public Finance Activities, National Government Finance, Research, Public finance, Economic forecasting, Budget deficits

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Taxation and household saving: reflections on the OECD report

Article Abstract:

The Organization for Economic Cooperation and Development's 1994 report on saving and income tax showed that tax rates affect household savings. Low tax rates encourage the ownership of assets with high tax liability. Taxes also influence decisions between investment risk and return. Ways to encourage household saving include tax exemptions for bank deposit interests and stock investments as well as non-tax incentives.

Reports, Income tax, Organization for Economic Cooperation and Development

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