Whither excess household savings? A key known unknown

by Geoff Barnard and Patrice Ollivaud, OECD Economics Department In most advanced economies, the estimated level of excess household savings accumulated during the pandemic and as yet unspent is high (Figure 1, Panel A). The unusual circumstances in which they were accumulated, with temporarily constrained spending opportunities combined, in some countries, with large-scale government income support,… Read More »Whither excess household savings? A key known unknown