Income inequality may influence macro-economic variables by affecting the money multiplier and the trade-off between inflation and output. In an AD-AS model with imperfect foresight income inequality intensifies the volatility of output and inflation rate by increasing the likelihood of...

This paper analyses the relationships between the values and dispersion of residential properties and the environmental-health quality of their locations. It constructs residents' health-adjusted lifetime-utility function by combining satisfaction from consumption over the lifespan with risk to...