Similar Search Results

Distributional effects of monetary policy

Bonifacio, Valentina; Brandao Marques, Luis; Budina, Nina; … - 2021

policy is complex. This paper highlights the channels through which monetary policy easing affect income and wealth …

Persistent link: https://www.econbiz.de/10012605530

Rent Seeking and Endogenous Income Inequality

Wade, Paul - 2001

This paper studies the relationship between wealth inequality and occupational choice between rent-seeking and …-seeking as it enables them to protect their wealth from expropriation. Hence, initial wealth determines occupational choice and … aggregate economic activity. The model also generates an unequal wealth distribution endogenously through fair gambles …

Persistent link: https://www.econbiz.de/10014403639

Safe asset demand, global capital flows and wealth concentration

Kim, Taehoon - 2021

contribution of this role to rising wealth concentration among American households. I highlight the following points: 1) financial … globalization raises wealth inequality in a financially-developed economy initially due to foreign capital pressing up domestic … households to reallocate wealth toward risky assets while impoverished households increase their debt. Wealth concentration …

Persistent link: https://www.econbiz.de/10012796314

Impact of Macroeconomic Policieson Income Distribution : An Empirical Study

International Monetary Fund - 1988

There has been a growing awareness of the income distribution dimension of macroeconomic policies. This paper presents a framework for studying this issue empirically, and considers the case of the Philippines using data available from integrated surveys of households. After developing and...

Persistent link: https://www.econbiz.de/10014396488

The rich and the Great Recession

Bakker, Bas B.; Felman, Joshua - 2014

Persistent link: https://www.econbiz.de/10010479444

Wealth inequality and private savings : the case of Germany

Dao, Mai - 2020

environment of high business wealth concentration account for 90 percent of the rise in the private savings rate and a third of …

Persistent link: https://www.econbiz.de/10012252060

The rise in inequality after pandemics : can fiscal support play a mitigating role?

Furceri, Davide; Loungani, Prakash; Ostry, Jonathan David; … - 2021

Major epidemics of the last two decades (SARS, H1N1, MERS, Ebola and Zika) have been followed by increases in inequality (Furceri, Loungani, Ostry and Pizzuto, 2020). In this paper, we show that the extent of fiscal consolidation in the years following the onset of these pandemics has played an...

Persistent link: https://www.econbiz.de/10012613680

Inequality, Leverage and Crises

Rancière, Romain - 2010

The paper studies how high leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of the rich, a large increase in leverage for the remainder, and an eventual financial...

Persistent link: https://www.econbiz.de/10014402855

Finance, growth, and inequality

Levine, Ross - 2021

Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this...

Persistent link: https://www.econbiz.de/10012612328

National Income and Its Distribution

Bruckner, Markus - 2014

Does the distribution of income within a country become more equal as it grows richer? This paper uses plausibly exogenous variations in trade-weighted world income and international oil price shocks as instruments for within-country variations in countries' real GDP per capita to examine this...

Persistent link: https://www.econbiz.de/10014411386