these investments, output levels and growth. In this context, inequality plays a key role both as a determinant of the …

The fiscal theory of the price level says that the price level can be made determinate if the government uses fiscal … are specific to the "Ricardian" models that have been used to develop the theory. By moving to "non Ricardian" models we …

determining inequality, as tax changes that affect hours of work will affect the distribution of wealth and income, reinforcing or …