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Income distribution and current account imbalances

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

country-specific institutions. The model is calibrated for the United States, Germany and China. Simulations suggest that a … 1980s can be explained by the interplay of rising (top-end) household income inequality and institutions. On the other hand … personellen Einkommensverteilung auf nationale Leistungsbilanzsalden zu analysieren. Im Modell hat jedes Land einen Haushalts- und …

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

Income distribution and the Great Depression

Belabed, Christian A. - 2015

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

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

Desigualdad, profundidad financiera e impacto en la cuenta corriente

Carrera, Jorge E.; Rodríguez, Esteban; Sardi, Mariano - 2015

Persistent link: https://www.econbiz.de/10011342188

Financialisation and the financial and economic crises : theoretical framework and empirical analysis for 15 countries

Dodig, Nina; Hein, Eckhard; Detzer, Daniel - 2015

This paper analyses the long-run effects of financialisation and of the recent financial and economic crises for 15 countries. In order to provide a theoretical framework, we first outline three types of regimes under the conditions of financialisation, namely a debtled private demand boom, an...

Persistent link: https://www.econbiz.de/10011311194

Current account imbalances and income inequality: theory and evidence

Al-Hussami, Fares; Remesal, Álvaro Martín - 2012

In this paper we analyze theoretically and empirically the impact of an increase in income inequality on the current account balance. We develop a model with consumption externalities and heterogeneous agents which explains how an increase in income inequality can affect negatively or positively...

Persistent link: https://www.econbiz.de/10009565857

Out of balance? : revisiting the nexus of income inequality, household debt and current account imbalances after the Great Recession

Ascione, Fabio; Schnetzer, Matthias - In: Cambridge journal of economics 46 (2022) 1, pp. 133-165

Persistent link: https://www.econbiz.de/10012876282

Income distribution and current account : a sectoral perspective ; conference paper

Behringer, Jan; Treeck, Till van - 2014 - December 18, 2013

We analyse the link between income distribution and the current account for the period 1972-2007. We find that rising (top-end) personal inequality leads to a decrease of the current account, ceteris paribus. This result is consistent with consumption externalities resulting from upward-looking...

Persistent link: https://www.econbiz.de/10010481412

Sudden stop regimes and output : a Markov switching analysis

Bachmann, Andreas; Leist, Stefan - 2013

Sudden stops in capital inflows were a main characteristic of the emerging market crisis during the 1990's. Concerns about them have recurred in the light of recently increased global stability risk and the quantitative easing that led to substantial capital inflows in emerging economies. We add...

Persistent link: https://www.econbiz.de/10010199563

Sovereign default risk premia and state-dependent twin deficits : conference paper

Hürtgen, Patrick; Rühmkorf, Ronald - 2013 - This version: August 7, 2013

This paper studies the impact of the state-dependent risk of a government default on the correlation of the scal balance and current account. We use a small open economy model where nonlinear risk premia arise endogenously when the government operates close to its scal limit, i.e. the maximum...

Persistent link: https://www.econbiz.de/10010341080

The impact of financial (de-)regulation on current account balances

Moral-Benito, Enrique; Röhn, Oliver - 2014

Both global imbalances and financial market (de-)regulation feature prominently among the potential causes of the global financial crisis, but they have been largely discussed separately. In this paper, we take a different angle and investigate the relationship between financial market...

Persistent link: https://www.econbiz.de/10010436581