The evolution of private saving and its interaction with government
fiscal policy play an important and complex role in the development
of the national economy. To gain insight into this process, it is
imperative that we improve our understanding of the savings
behaviour of individual households and of the ways in which they
aggregate over the entire population to produce national saving.
Italy provides an ideal laboratory in which to assess the impact of
government and private transfer, imperfections in the capital
markets, productivity growth and shifting demographic patterns on
the saving behavior of individual households and on their
aggregation into total private saving. The book draws on the
Italian experience and data, and offers findings on many aspects of
the process of saving determination.
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