Interest Rate-Savings Nexus: Keynesian-Classical Debate Revisiting in OECD Economies
There are many factors that determine savings, especially income and consumption. However, classical and Keynesian economic theories disagree on how interest rates affect savings. According to classical theory, an increase in interest rates will increase savings, whereas, according to Keynes, it wil...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
Istanbul University Press
2024-08-01
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| Series: | İktisat Politikası Araştırmaları Dergisi |
| Subjects: | |
| Online Access: | https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/4D2A360F38C6421EB8AF8107E8242277 |
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