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Distributional consequences typically receive limited attention in economic models that analyze the effects of monetary and financial sector policies. These consequences deserve more attention since financial markets are incomplete, imperfect, and economic agents' access to them is often...
Persistent link: https://www.econbiz.de/10010328965
per capita affect income inequality and how they differ. The results suggest a U-shaped relationship of both measures of … GDP per capita is used, inequality is higher, leading to the conclusion that countries with policies that inflate GDP … behavioral similarity between the income of the richest 10% of population and income inequality. Lastly, there is also a …
Persistent link: https://www.econbiz.de/10014290064
shared. It has not been inclusive growth. Inequality in Asia is among the highest in the world. The richest man in Vietnam … inclusive to women, ethnic minorities and the LGBT community. How can Asia reduce inequality? What are the forces that determine …
Persistent link: https://www.econbiz.de/10014321736
This study reexamines the relationship between economic growth and inequality, challenging the conventional view that … regards inequality solely as an impediment to development. While recognizing the essential role of economic growth in … growth. We explore how inequality interplays with pressing global challenges like climate change and pandemics, areas that …
Persistent link: https://www.econbiz.de/10014438991
This paper offers an overview of Alberto Alesina's life and of his scholarly work (§ 1 and 2). It will be argued, that Alberto would have entirely deserved the award of the Nobel Prize for Economic Science, except only for his premature passing away. His foundational contribution was the...
Persistent link: https://www.econbiz.de/10014469531
inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital … speaking reflecting inequality) has somewhat interesting effects along the transitional path towards balanced growth. Hereby …
Persistent link: https://www.econbiz.de/10014469727
heterogeneity. When altruism heterogeneity is low, income inequality follows an inverse U-shaped pattern relative to the level of … altruism, which is consistent with the cross-country Kuznets curve. When altruism heterogeneity is high, income inequality … linking economic growth and income inequality. …
Persistent link: https://www.econbiz.de/10014469860
This paper examines the macroeconomic policies and outcomes experienced by the Latin American economies during the period 1990-2010. Macroeconomic policies refer to exchange rates, monetary and aggregate fiscal policies, while macroeconomic outcomes, on the other hand, refer to the patterns of...
Persistent link: https://www.econbiz.de/10010319943
measures, we find a reduction in regional inequality over the period that is similar to the broader European pattern. Regional …
Persistent link: https://www.econbiz.de/10014547765
Poverty and inequality represent major policy syndromes that are relevant in the achievement of most United Nations … inequality and severity of poverty on economic growth. The focus is on 42 countries in sub-Saharan Africa with data from 1980 to … 2019. The Gini index is used to measure income inequality. Poverty is measured in terms of the poverty headcount ratio …
Persistent link: https://www.econbiz.de/10014549258