Template-Type: ReDIF-Paper 1.0
Author-Name:Pavel Trunin
Author-Name-First: Pavel  
Author-Name-Last: Trunin 
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name:Andrey Zubarev
Author-Name-First: Andrey   
Author-Name-Last: Zubarev 
Author-Workplace-Name: RANEPA
Title:   The Feldstein-Horioka Puzzle: Modern Aspects
Abstract: The primary purpose of this paper is to test the hypothesis of capital mobility reduction in the wake of the global financial crisis of 2008-2009. Through the constructed models we tested hypotheses about the long- and short-term mobility of global capital by estimating the correlation between savings and investment rates. The paper also deals with the question of capital mobility in Russia. Recommendations on monetary policy in Russia in the coming years based on the obtained findings were made. 
Length:  28 pages
Creation-Date: 2013
Revision-Date:   2013
Publication-Status: Published Paper Series 
Classification-JEL: E52
Keywords: Feldstein-Harioka puzzle, capital mobility, monetary policy
File-URL: https://www.iep.ru/files/RePEc/gai/wpaper/0070Trunin.pdf
File-Format: Application/pdf
File-Function: Revised version, 2013
Handle: RePEc:gai:wpaper:0070