The relationship between the degree of inequality and the demand for redistribution has been a central question in … gap between the income of the average and the median voter, should lead to increased demand for redistribution, as … demand for redistribution. Part of the explanation of this puzzle lies in the realization that it is not only (or even mainly …

In this paper, we show that inequality is an important determinant of import demand, in that it augments the standard …

We propose a theory of indebted demand, capturing the idea that large debt burdens by households and governments lower … aggregate demand, and thus natural interest rates. At the core of the theory is the simple yet under-appreciated observation … lead to indebted household demand, pushing down natural interest rates. Moreover, popular expansionary policies--such as …

demand using a novel compensated framework over space and an uncompensated framework over time. Our specifications pass tests … imposed by rationality and household mobility. Housing demand is income and price inelastic, and appears to fall with …