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redistribution from wages to profits and vice versa. This paper addresses the nonlinearity of the standard post-Kaleckian model by …-ledness" of an economy: redistribution towards wages reinforces the wage-led or profit-led character of an economy, while … redistribution towards profits does the opposite. In addition, redistribution towards wages can turn an intermediate regime wage …
Persistent link: https://www.econbiz.de/10011938664
Rebalancing growth in favor of domestic consumption has been an objective of Chinese policy makers for over two decades. However, until recently little progress has been achieved. This article argues that the nature of the demand regime is a major reason for the limited rebalancing operated thus...
Persistent link: https://www.econbiz.de/10013229296
The possibility to measure the relative contribution of agents and exchanges to the price formation process in high-frequency financial markets acquired increasingly importance in the financial econometric literature. In this paper I propose to adopt fully data-driven approaches to identify...
Persistent link: https://www.econbiz.de/10012308903
DSGE models have recently become one of the most frequently used tools in policy analysis. Nevertheless, their forecasting proprieties are still unexplored. In this article we address this problem by examining the quality of forecasts from a small size DSGE model, a trivariate VAR model and the...
Persistent link: https://www.econbiz.de/10012724628
aggregate economic activity. The goal of this paper is to study the effects of wealth redistribution from rich to poor … extended to allow for nominal rigidities and parametrized to match the U.S. wealth distribution, wealth redistribution does …
Persistent link: https://www.econbiz.de/10011801637
transition following the optimal reform in the capital-skill complementarity model, implying substantial indirect redistribution … from skilled to unskilled workers. These results show that a government that cares about redistribution should take into …
Persistent link: https://www.econbiz.de/10012299800
Spanish Abstract: Este artículo examina las características del impuesto sobre la renta colombiano y la manera en que ellas moldean su potencial distributivo. El escrito llama la atención sobre la importancia de distinguir entre la distribución de la carga tributaria y el efecto de la misma...
Persistent link: https://www.econbiz.de/10013027190
whether income redistribution really is a consistent tool to achieve the long-awaited development …
Persistent link: https://www.econbiz.de/10013035999
which this ratio increases coincide with those in which Democrats rule the government and there is more redistribution from … the power are characterized by a fall in the ratio and less redistribution from the rich to the rest of the population …
Persistent link: https://www.econbiz.de/10012909982
about the future, and attitudes about redistribution. We find that women, non-college educated, the unemployed, and those in …
Persistent link: https://www.econbiz.de/10013226442