Showing 1 - 10 of 9,501
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
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
We incorporate the division of income between capital and labor into analysis on the relationship between inequality and growth. Using historical data, we document that changes in the top 1 % income shares are positively associated with subsequent growth of per capita GDP when the capital share...
Persistent link: https://www.econbiz.de/10013239632
Several Nobel laureates economists have called for redistributive policies. This paper shows that there is a strong case for redistributive policies because the global increase of income inequality and wealth concentration was an important driver for the financial and Eurozone crisis. The high...
Persistent link: https://www.econbiz.de/10013048507
We propose and estimate, using Bayesian techniques, a Dynamic Stochastic General Equilibrium model featuring search and matching frictions with redistributive productivity shocks – which account for fluctuations in the distribution of income across factors of production. We first find...
Persistent link: https://www.econbiz.de/10013060586
technology, then the growth and welfare maximizing progressivity of redistribution decreases. In particular, bridging the … opportunity lowers the optimal progressivity of redistribution. We offer some empirical support for the above idea using a …, efficiency, and welfare from progressive redistribution, over and above the benefits from a Pigouvian subsidy, may reasonably …
Persistent link: https://www.econbiz.de/10012927526
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/10013246223
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/10011913675
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/10013034057