The global saving glut and the U.S. current account deficit

By Ben S. Bernanke. 2005

1,483 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/934885f6888d6ccda840dc180034b66155d72903

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Citations in the corpus

Tracking Global Demand for Advanced Economy Sovereign Debt (2012, unknown): “Bernanke (2005) has attributed some of the decline in the U.S. long-term real interest rates since 2000 to a “global savings glut.””
Fear of appreciation (2007, background): “38 See, e.g., Bernanke (2005) and Blanchard and Milesi-Ferretti, 2009).”
Some Evidence on Secular Drivers of US Safe Real Rates (2017, unknown): “For the U.S. (left half of Table 5B), the Social Security Administration forecasts a -0.24% average change in the percent aged 40-64 from 2017 to 2026.”
A Forensic Analysis of Global Imbalances (2011, background): “The “global saving glut” explanation has been expounded by Bernanke (2005), Clarida (2005a,b), and Hubbard (2005).”
Income Inequality and Current Account Imbalances (2012, background): “current account deficit include low public and private saving rates in the United States3, high public saving rates in the rest of the world (Bernanke (2005)), global underinvestment (Prasad et al. (2007), Rajan (2010)), demographics and productivity (Feroli (2003), Ferrero (2007)), and the role of ”
Manufacturing Tail Risk: A Perspective on the Financial Crisis of 2007-09 (2010, unknown): “Bernanke (2005) argued in a speech that the “savings glut” in Asia, most notably in China, and several European countries with current account surpluses such as Germany, had created severe and persistent global imbalances.”
Global Safe Assets (2012, background): “For instance, Caballero, Farhi and Gourinchas (2008) or Bernanke (2005) discuss how the rapid economic growth of emerging economies, coupled with a relative backwardness in financial development created a global shortage of stores of value.”
Financial Factors in Economic Fluctuations (2010, unknown): “ΔN/P 1 0 0 0 0 0 0 1 14 0 1 9 7 7 7 6 6 5 5 4 0 4 0 0 23 (0) (0) (–) (–) (0) (–) (0) (1) (14) (0) (1) (9) (7) (7) (7) (6) (6) (5) (5) (4) (0) (4) (0) (–) (24)  14 9 0 0 0 0 4 6 2 18 8 1 2 1 1 1 1 0 0 0 24 4 4 0 0 (14) (10) ( ) ( ) (0) ( ) (4) (7) (2) (18) (6) (1) (2) (2) (1) (1) (1) (1) (0) (0) (”
Reflections on the Crisis and on its Lessons for Regulatory Reforms and for Central Bank Policies (2011, unknown): “Thus, along with its substantial bene ts, globalization also contributed to a quick 2See respectively Roubini (2008), Taylor (2009) and Bernanke (2005).”
NEW EVIDENCE ON THE INTEREST RATE EFFECTS OF BUDGET DEFICITS AND DEBT (2009, unknown): “Etit+k = β0 + β1Etπt+k + β2Etft+k + β3Etut+k + ǫt (4)”
Monetary policy after the fall (2010, unknown): “ Bernanke (2005) attributes this to a “savings glut” in the surplus countries.”