Excess US savings 'unlikely' to generate destabilising surge in demand

image of some dollars

While many American households have saved more due to the pandemic, this may not necessarily impact the country's recovery. Image: Unsplash/NikolayFrolochkin

Florin Bilbiie
Professor of Economics and Research Fellow, University of Lausanne (first position) and CEPR (second position)
Gauti Eggertsson
Professor of Economics, Brown University
Giorgio Primiceri
Professor of Economics, Northwestern University
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a graph showing excess U.S. personal personal saving
Excess U.S. personal savings shown as a result of less expenditure in 2020. Image: VoxEu
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COVID-19Economic ProgressUnited States
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