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Distributional consequences typically receive limited attention in economic models that analyze the effects of monetary and financial sector policies. These consequences deserve more attention since financial markets are incomplete, imperfect, and economic agents' access to them is often...
Persistent link: https://www.econbiz.de/10010222156
biased estimates of inequality of opportunity. These shortcomings may be particularly pronounced for emerging economies in … extent of upward and downward bias in inequality of opportunity estimates for a set of twelve emerging economies. Our … findings suggest strongly downward biased estimates of inequality of opportunity in these countries. To the contrary, there is …
Persistent link: https://www.econbiz.de/10012609168
Income differences arise from many sources. While some kinds of inequality, caused by effort differences, might be … Surveys, to revisit the question of whether inequality is associated with economic growth and, in particular, to examine … whether inequality of opportunity - driven by circumstances at birth - has a negative effect on subsequent growth. Results are …
Persistent link: https://www.econbiz.de/10010364975
inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital … speaking reflecting inequality) has somewhat interesting effects along the transitional path towards balanced growth. Hereby …
Persistent link: https://www.econbiz.de/10014461501
This paper offers an overview of Alberto Alesina's life and of his scholarly work (§ 1 and 2). It will be argued, that Alberto would have entirely deserved the award of the Nobel Prize for Economic Science, except only for his premature passing away. His foundational contribution was the...
Persistent link: https://www.econbiz.de/10014390535
We examine the Exchange Rate Volatility (ERV) response to the Economic Policy Uncertainty (EPU) shocks from a panel VAR perspective used for the first time in this context. Focusing on Emerging Market Economies (EME), our noteworthy findings postulate that (a) both home and foreign EPU shocks...
Persistent link: https://www.econbiz.de/10012239005
inequality: Thus there is a new approach for explaining Piketty's historical findings of a medium term rise of the capital income …
Persistent link: https://www.econbiz.de/10010510592
quantitative theory to study the dynamic implications of informality on wage inequality, human capital accumulation, child labor …
Persistent link: https://www.econbiz.de/10010230511
rate, especially if in part achieved by lowering inequality, the Africa region would meaningfully contribute to the global …
Persistent link: https://www.econbiz.de/10010345542
We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require … used (nonlinear) parametric approaches - the economy first expands rapidly with a large decline in inequality, plateaus … when inequality remains relatively stable, and then decreases rapidly with a large increase in inequality. This novel …
Persistent link: https://www.econbiz.de/10010469680