• Write a letter to the editor of The Economist, in which you critique their 2017 article as given in Box 4 of The Role of Saving and Investment.)
  • Explain to the editor why S_NA cannot be regarded as available finance for investment and, as such, should not even be called saving,
  • Explain to her (as of June 2021, the editor happens to be a woman) why savings imbalances between Germany and the US are not responsible for CurAc imbalances between these countries,
  • Point the editor to Borio and Disyatat (2011) for more in-depth analysis.