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Classical political economy and secular stagnation

Luzuriaga, Manuel Cruz; Tavani, Daniele - 2021

This paper presents a model of secular stagnation, income and wealth distribution, and employment in the Classical Political Economy tradition, that can be contrasted with the accounts by Piketty (2014) and Gordon (2015). In these explanations, an exogenous reduction in the growth rate g...

Persistent link: https://www.econbiz.de/10012659139

Income distribution and current account imbalances

Behringer, Jan; Theobald, Thomas; Treeck, Till van - 2013

personellen Einkommensverteilung auf nationale Leistungsbilanzsalden zu analysieren. Im Modell hat jedes Land einen Haushalts- und … Einkommensverteilung und dem institutionellen Umfeld erklärt werden kann. Hingegen wird die verhältnismäßige schwache Binnennachfrage in … Deutschland und China seit Mitte der 1990er Jahre maßgeblich durch Verschiebungen in der funktionalen Einkommensverteilung zu …

Persistent link: https://www.econbiz.de/10010201629

Income distribution and the Great Depression

Belabed, Christian A. - 2015

, saving, and debt for the 1920s by applying a non-standard theory of consumption, the relative income hypothesis, to the … financial and macroeconomic instability, in the period leading to the Great Depression. …-Standard Theorie des Haushaltskonsums, die Relative Einkommenshypothese, zurück. Es wird argumentiert, dass steigende …

Persistent link: https://www.econbiz.de/10011289390

Moving closer or drifting apart : distributional effects on monetary policy

Hafemann, Lucas; Rudel, Paul; Schmidt, Jörg - 2017

Our paper picks up the current controversial debate about increasing (income) inequality due to recent monetary policy measures in major advanced economies. We use a VAR framework identified with sign restrictions to figure out how income in- equality related measures react to monetary policy...

Persistent link: https://www.econbiz.de/10011647171

Inequality and the environment : the economics of a two-headed hydra

Drupp, Moritz A.; Kornek, Ulrike; Meya, Jasper; Sager, Lutz - 2021

Preserving environmental quality and addressing economic inequality both feature prominently in public discourse. Neither of these two issues can be fully understood in isolation, and policies aiming at one issue will increasingly have to consider interactions with the other. We synthesize...

Persistent link: https://www.econbiz.de/10012694139

Classical Political Economy and Secular Stagnation

Cruz Luzuriaga, Manuel; Tavani, Daniele - 2021

Persistent link: https://www.econbiz.de/10013322002

International Migration, Ethnicity and Economic Inequality

Kahanec, Martin; Zimmermann, Klaus F. - 2021

While the allocative efficiency of mobility is typically considered to be positive but small in the long run, the induced changes in equality may be considerable in size. In practice, however, migrants typically improve their income position in comparison to those at home, stimulate the economic...

Persistent link: https://www.econbiz.de/10013325256

Technology, Inequality and Work-Sharing

Moutos, Thomas - 2005

The effects of technological change on wage inequality are usually studied under the assumption of exogenous supplies of skilled and unskilled workers. Moreover, in these studies there is no distinction between the stock (number of workers) and the flow (hours of work) dimension of labour...

Persistent link: https://www.econbiz.de/10014068234

Growth, Income Distribution, and the Entrepreneurial State

Tavani, Daniele; Zamparelli, Luca - 2018

In this paper, we introduce a twofold role for the public sector in the Goodwin (1967) model of the growth cycle. The government collects income taxes in order to: (a) invest in infrastructure capital, which directly affects the production possibilities of the economy; (b) finance publicly...

Persistent link: https://www.econbiz.de/10014117554

When Aiyagari meets Piketty : Growth, Inequality and Capital Shares

Juuti, Toni; Heimonen, Kari; Junttila, Juha-Pekka; … - 2021

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