The Golden Rule savings rate is “the rate of savings which maximizes steady state level or growth of consumption” and explicitly named after an inter-generational golden rule.
It’s not in itself an institution but one could, in principle, implement policies which target the recommended savings rate.
The Golden Rule savings rate is “the rate of savings which maximizes steady state level or growth of consumption” and explicitly named after an inter-generational golden rule.
It’s not in itself an institution but one could, in principle, implement policies which target the recommended savings rate.