with significant differences between countries. At the same time, fiscal measures closed around 60% of the inequality gap …

effects on economic inequality and welfare. For that purpose we built a general equilibrium heterogeneous-agent model capable … to an increase of inequality during the initial transition period, reversing to more compressed distributions as the …

utilitarian social welfare function yields a simple welfare measure which comprises both GDP and income inequality as measured by …

inequity, whether across states of world (uncertainty), across individuals (inequality) and across generations …

-term growth and welfare in a currency union that faces fiscal rule constraints and inequality. To address this ongoing government …, inequality, and welfare depends on the type of fiscal policy adopted by government to fund it, notably the trade-off between … completely eliminating oil subsidies appears to be the best policy for reducing inequality while increasing growth and welfare …