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

Mar 8, 2021

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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