• China’s Savings Multiplier 

      Mehlum, Halvor; Torvik, Ragnar; Valente, Simone (CAMP Working Paper Series;4/2013, Working paper, 2013)
      China’s growth is characterized by massive capital accumulation, made possible by high and increasing domestic savings. In this paper we develop a model with the aim of explaining why savings rates have been high and ...
    • Growth with Age-Dependent Preferences 

      Mehlum, Halvor; Torvik, Ragnar; Valente, Simone (CAMP Working Paper Series Paper No. 14/2018;, Working paper, 2018-12-10)
      We study the consequences of age-dependent preferences for economic growth and structural change in a two-sector model with overlapping generations and nondimishing returns to capital. Savings and accumulation rates depend ...
    • Macroeconomics in the time of the Corona 

      Mehlum, Halvor; Torvik, Ragnar (CAMP Working Paper Series;04/2020, Working paper, 2020-06)
      For a developed market economies, the corona crisis is a new type of crisis, but this crisis has parallels to economies at other times, and to crises at other places. We discuss some mechanisms from the traditional macro ...