Following an introduction by Nobel Laureate F. Modigliani, the theoretical background is provided at the macroeconomic level by W. H. Buiter and at the microeconomic level by B. Kauffmann. In addition, J. Owens provides an economic analysis of savings and taxation.
The empirical insights are presented by L. J. Lau for the United States, C. Y. Horioka for Japan, J.-P. Fitoussi for Europe and B.W. Ickes for eastern Europe. The concluding chapter, written by the Dutch Central Bankers, W.F. Duisenberg and A. H. E. M. Wellink, analyses the relevant taxation issues and offers an outline of a worldwide savings policy.
The book will be essential reading for policy makers and professional economists working in macroeconomics, monetary economics and public finance.
World Savings published in association with the Dutch Savings Banks Association.