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Household heterogeneity has been shown to be an important driver of aggregate demand. In this research, we demonstrate that it also impacts the supply side. We build a model in which heterogeneous households vary in their extent to which they supply production factors (labor and capital). Our...
Persistent link: https://www.econbiz.de/10015199892
and wealth differentials between black and white households. Specifically, we show that, although a more accommodative … time, an accommodative monetary policy shock exacerbates the wealth difference between black and white households, because …
Persistent link: https://www.econbiz.de/10012423843
and wealth differentials between black and white households. Specifically, we show that, although a more accommodative … time, an accommodative monetary policy shock exacerbates the wealth difference between black and white households, because …
Persistent link: https://www.econbiz.de/10012428946
and wealth differentials between black and white households. Specifically, we show that, although a more accommodative … time, an accommodative monetary policy shock exacerbates the wealth difference between black and white households, because …
Persistent link: https://www.econbiz.de/10012438366
and wealth differentials between black and white households. Specifically, we show that, although a more accommodative … time, an accommodative monetary policy shock exacerbates the wealth difference between black and white households, because …
Persistent link: https://www.econbiz.de/10012668359
Persistent link: https://www.econbiz.de/10012194815
. Finally, substantial crosscountry heterogeneity in marginal propensities to consume out of income and wealth components calls …
Persistent link: https://www.econbiz.de/10012135921
Persistent link: https://www.econbiz.de/10012820000
Persistent link: https://www.econbiz.de/10014580835
study analyses the determinants of private consumption, paying particular attention to the significance of income and wealth …
Persistent link: https://www.econbiz.de/10014084503