Showing 1 - 10 of 642
Average income per capita in the countries of the OECD was more than 20 times larger in 2000 than that of the poorest countries of sub-Sahara Africa and elsewhere, and many of the latter are not only falling behind the world leaders, but have even regressed in recent years. At the same time,...
Persistent link: https://www.econbiz.de/10012465179
Persistent link: https://www.econbiz.de/10011366945
Persistent link: https://www.econbiz.de/10003561094
Average income per capita in the countries of the OECD was more than 20 times larger in 2000 than that of the poorest countries of sub-Sahara Africa and elsewhere, and many of the latter are not only falling behind the world leaders, but have even regressed in recent years. At the same time,...
Persistent link: https://www.econbiz.de/10012775879
Persistent link: https://www.econbiz.de/10001460793
Persistent link: https://www.econbiz.de/10001462108
Persistent link: https://www.econbiz.de/10001462172
Persistent link: https://www.econbiz.de/10001462179
Persistent link: https://www.econbiz.de/10002239369
We quantify the connection between inequality and business cycles in a medium-scale New Keynesian model with tractable household heterogeneity, estimated with aggregate and cross-sectional data. We find that inequality substantially amplifies cyclical fluctuations. The primary source of this...
Persistent link: https://www.econbiz.de/10014372486