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Explaining Saving--Investment Correlations Marianne Baxter; Mario J. Crucini The American Economic Review, Vol. 83, No. 3. (Jun., 1993), pp. 416-436. Stable URL: http://links.jstor.org/sici?sici=0002-8282%28199306%2983%3A3%3C416%3AESC%3E2.0.CO%3B2-6 The American Economic Review is currently published by American Economic Association. Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/journals/aea.html. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. The JSTOR Archive is a trusted digital repository providing for long-term preservation and access to leading academic journals and scholarly literature from around the world. The Archive is supported by libraries, scholarly societies, publishers, and foundations. It is an initiative of JSTOR, a not-for-profit organization with a mission to help the scholarly community take advantage of advances in technology. For more information regarding JSTOR, please contact [email protected]. http://www.jstor.org Tue Jul 31 17:46:00 2007
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Page 1: Explaining Saving--Investment Correlations Marianne …pages.stern.nyu.edu/~dbackus/GE_asset_pricing/adjustment costs... · Explaining Saving--Investment Correlations Marianne Baxter;

Explaining Saving--Investment Correlations

Marianne Baxter; Mario J. Crucini

The American Economic Review, Vol. 83, No. 3. (Jun., 1993), pp. 416-436.

Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199306%2983%3A3%3C416%3AESC%3E2.0.CO%3B2-6

The American Economic Review is currently published by American Economic Association.

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available athttp://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtainedprior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content inthe JSTOR archive only for your personal, non-commercial use.

Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained athttp://www.jstor.org/journals/aea.html.

Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printedpage of such transmission.

The JSTOR Archive is a trusted digital repository providing for long-term preservation and access to leading academicjournals and scholarly literature from around the world. The Archive is supported by libraries, scholarly societies, publishers,and foundations. It is an initiative of JSTOR, a not-for-profit organization with a mission to help the scholarly community takeadvantage of advances in technology. For more information regarding JSTOR, please contact [email protected].

http://www.jstor.orgTue Jul 31 17:46:00 2007

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You have printed the following article:

Explaining Saving--Investment CorrelationsMarianne Baxter; Mario J. CruciniThe American Economic Review, Vol. 83, No. 3. (Jun., 1993), pp. 416-436.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199306%2983%3A3%3C416%3AESC%3E2.0.CO%3B2-6

This article references the following linked citations. If you are trying to access articles from anoff-campus location, you may be required to first logon via your library web site to access JSTOR. Pleasevisit your library's website or contact a librarian to learn about options for remote access to JSTOR.

[Footnotes]

1 Domestic Saving and International Capital FlowsMartin Feldstein; Charles HoriokaThe Economic Journal, Vol. 90, No. 358. (Jun., 1980), pp. 314-329.Stable URL:

http://links.jstor.org/sici?sici=0013-0133%28198006%2990%3A358%3C314%3ADSAICF%3E2.0.CO%3B2-4

2 Saving and Investment in an Open Economy with Non-Traded GoodsCharles Engel; Kenneth KletzerInternational Economic Review, Vol. 30, No. 4. (Nov., 1989), pp. 735-752.Stable URL:

http://links.jstor.org/sici?sici=0020-6598%28198911%2930%3A4%3C735%3ASAIIAO%3E2.0.CO%3B2-Q

2 Real Business Cycles in a Small Open EconomyEnrique G. MendozaThe American Economic Review, Vol. 81, No. 4. (Sep., 1991), pp. 797-818.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199109%2981%3A4%3C797%3ARBCIAS%3E2.0.CO%3B2-L

2 International Real Business CyclesDavid K. Backus; Patrick J. Kehoe; Finn E. KydlandThe Journal of Political Economy, Vol. 100, No. 4. (Aug., 1992), pp. 745-775.Stable URL:

http://links.jstor.org/sici?sici=0022-3808%28199208%29100%3A4%3C745%3AIRBC%3E2.0.CO%3B2-7

http://www.jstor.org

LINKED CITATIONS- Page 1 of 4 -

NOTE: The reference numbering from the original has been maintained in this citation list.

Page 24: Explaining Saving--Investment Correlations Marianne …pages.stern.nyu.edu/~dbackus/GE_asset_pricing/adjustment costs... · Explaining Saving--Investment Correlations Marianne Baxter;

4 An Intertemporal Model of Saving and InvestmentAndrew B. Abel; Olivier J. BlanchardEconometrica, Vol. 51, No. 3. (May, 1983), pp. 675-692.Stable URL:

http://links.jstor.org/sici?sici=0012-9682%28198305%2951%3A3%3C675%3AAIMOSA%3E2.0.CO%3B2-6

6 International Real Business CyclesDavid K. Backus; Patrick J. Kehoe; Finn E. KydlandThe Journal of Political Economy, Vol. 100, No. 4. (Aug., 1992), pp. 745-775.Stable URL:

http://links.jstor.org/sici?sici=0022-3808%28199208%29100%3A4%3C745%3AIRBC%3E2.0.CO%3B2-7

11 The Current Account and Macroeconomic Adjustment in the 1970sJeffrey D. Sachs; Richard N. Cooper; Stanley FischerBrookings Papers on Economic Activity, Vol. 1981, No. 1. (1981), pp. 201-282.Stable URL:

http://links.jstor.org/sici?sici=0007-2303%281981%291981%3A1%3C201%3ATCAAMA%3E2.0.CO%3B2-I

References

An Intertemporal Model of Saving and InvestmentAndrew B. Abel; Olivier J. BlanchardEconometrica, Vol. 51, No. 3. (May, 1983), pp. 675-692.Stable URL:

http://links.jstor.org/sici?sici=0012-9682%28198305%2951%3A3%3C675%3AAIMOSA%3E2.0.CO%3B2-6

International Real Business CyclesDavid K. Backus; Patrick J. Kehoe; Finn E. KydlandThe Journal of Political Economy, Vol. 100, No. 4. (Aug., 1992), pp. 745-775.Stable URL:

http://links.jstor.org/sici?sici=0022-3808%28199208%29100%3A4%3C745%3AIRBC%3E2.0.CO%3B2-7

http://www.jstor.org

LINKED CITATIONS- Page 2 of 4 -

NOTE: The reference numbering from the original has been maintained in this citation list.

Page 25: Explaining Saving--Investment Correlations Marianne …pages.stern.nyu.edu/~dbackus/GE_asset_pricing/adjustment costs... · Explaining Saving--Investment Correlations Marianne Baxter;

Unemployment Insurance and Short-Time Compensation: The Effects on Layoffs, Hours perWorker, and WagesKenneth Burdett; Randall WrightThe Journal of Political Economy, Vol. 97, No. 6. (Dec., 1989), pp. 1479-1496.Stable URL:

http://links.jstor.org/sici?sici=0022-3808%28198912%2997%3A6%3C1479%3AUIASCT%3E2.0.CO%3B2-0

Saving and Investment in an Open Economy with Non-Traded GoodsCharles Engel; Kenneth KletzerInternational Economic Review, Vol. 30, No. 4. (Nov., 1989), pp. 735-752.Stable URL:

http://links.jstor.org/sici?sici=0020-6598%28198911%2930%3A4%3C735%3ASAIIAO%3E2.0.CO%3B2-Q

Domestic Saving and International Capital FlowsMartin Feldstein; Charles HoriokaThe Economic Journal, Vol. 90, No. 358. (Jun., 1980), pp. 314-329.Stable URL:

http://links.jstor.org/sici?sici=0013-0133%28198006%2990%3A358%3C314%3ADSAICF%3E2.0.CO%3B2-4

Time to Build and Aggregate FluctuationsFinn E. Kydland; Edward C. PrescottEconometrica, Vol. 50, No. 6. (Nov., 1982), pp. 1345-1370.Stable URL:

http://links.jstor.org/sici?sici=0012-9682%28198211%2950%3A6%3C1345%3ATTBAAF%3E2.0.CO%3B2-E

Investment Under UncertaintyRobert E. Lucas, Jr; Edward C. PrescottEconometrica, Vol. 39, No. 5. (Sep., 1971), pp. 659-681.Stable URL:

http://links.jstor.org/sici?sici=0012-9682%28197109%2939%3A5%3C659%3AIUU%3E2.0.CO%3B2-0

Real Business Cycles in a Small Open EconomyEnrique G. MendozaThe American Economic Review, Vol. 81, No. 4. (Sep., 1991), pp. 797-818.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199109%2981%3A4%3C797%3ARBCIAS%3E2.0.CO%3B2-L

http://www.jstor.org

LINKED CITATIONS- Page 3 of 4 -

NOTE: The reference numbering from the original has been maintained in this citation list.

Page 26: Explaining Saving--Investment Correlations Marianne …pages.stern.nyu.edu/~dbackus/GE_asset_pricing/adjustment costs... · Explaining Saving--Investment Correlations Marianne Baxter;

The Current Account and Macroeconomic Adjustment in the 1970sJeffrey D. Sachs; Richard N. Cooper; Stanley FischerBrookings Papers on Economic Activity, Vol. 1981, No. 1. (1981), pp. 201-282.Stable URL:

http://links.jstor.org/sici?sici=0007-2303%281981%291981%3A1%3C201%3ATCAAMA%3E2.0.CO%3B2-I

Solving Nonlinear Stochastic Growth Models: A Comparison of Alternative Solution MethodsJohn B. Taylor; Harald UhligJournal of Business & Economic Statistics, Vol. 8, No. 1. (Jan., 1990), pp. 1-17.Stable URL:

http://links.jstor.org/sici?sici=0735-0015%28199001%298%3A1%3C1%3ASNSGMA%3E2.0.CO%3B2-F

Time Preference and the Penrose Effect in a Two-Class Model of Economic GrowthH. UzawaThe Journal of Political Economy, Vol. 77, No. 4, Part 2: Symposium on the Theory of EconomicGrowth. (Jul. - Aug., 1969), pp. 628-652.Stable URL:

http://links.jstor.org/sici?sici=0022-3808%28196907%2F08%2977%3A4%3C628%3ATPATPE%3E2.0.CO%3B2-R

http://www.jstor.org

LINKED CITATIONS- Page 4 of 4 -

NOTE: The reference numbering from the original has been maintained in this citation list.


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