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Income Inequality : Does Inflation Matter?
Bulir, Ales - 1998
This paper contributes to the income inequality literature that is based on the traditional Kuznets model. Price stability, financial deepening, level of development, state employment, and fiscal redistribution are found to enhance income equality in a given country. While the effect of price...
Persistent link: https://www.econbiz.de/10014400206
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How Macroeconomic Factors Affect Income Distribution : The Cross-Country Evidence
Sarel, Michael - 1997
This study develops a cross-section empirical framework to examine the relationship between the macroeconomic environment and trends in income distribution. The macroeconomic variables that are found to be associated with an improvement in income distribution are higher growth rate, higher...
Persistent link: https://www.econbiz.de/10014403257
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Can Switching Between Inflationary Regimes Explain Fluctuations in Real Interest Rates?
Bleaney, M. F. - 1997
It has recently been suggested that allowing for switches between different inflationary regimes produces a much better fit for the Fisher relationship between interest rates and inflation, at least for U.S. data. The paper assesses the merits of the regime-switching theory as an explanation for...
Persistent link: https://www.econbiz.de/10014401199
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The Intragenerational Redistributive Effects of Unfunded Pension Programs
Cubeddu, Luis M. - 1998
This paper provides a quantitative evaluation of the intracohort redistributive elements of the U.S. social security system in the context of a computable general equilibrium model. It determines how the well-being of individuals that differ by gender, race, and education is affected by the...
Persistent link: https://www.econbiz.de/10014400168
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The Political Economy of Seigniorage
Aisen, Ari - 2005
While most economists agree that seigniorage is one way governments finance deficits, there is less agreement about the … political, institutional, and economic reasons for relying on it. This paper investigates the main determinants of seigniorage … to higher seigniorage, especially in developing, less democratic, and socially polarized countries, with high inflation …
Persistent link: https://www.econbiz.de/10014404210
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Secular drivers of the natural rate of interest in the United States : a quantitative evaluation
Platzer, Josef; Peruffo, Marcel - 2022
We develop a heterogeneous agent, overlapping generations model with nonhomothetic preferences that nests several explanations for the decline in the natural rate of interest (r*) suggested in the literature: demographic change, a slowdown in productivity growth, a rise in income inequality, and...
Persistent link: https://www.econbiz.de/10013170272
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Population Aging and Global Capital Flows in a Parallel Universe
Brooks, Robin - 2000
world regions to simulate the effects of historical and projected demographic trends on international capital flows. The …
Persistent link: https://www.econbiz.de/10014403503
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Global Aging and Fiscal Policy with International Labor Mobility : A Political Economy Perspective
Tosun, Mehmet S. - 2005
This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the political structure composed of young and elderly voters in both labor-receiving and...
Persistent link: https://www.econbiz.de/10014400088
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Finance, growth, and inequality
Levine, Ross - 2021
Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this...
Persistent link: https://www.econbiz.de/10012612328
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Innocent bystanders? : monetary policy and inequality in the U.S.
Coibion, Olivier; Gorodnichenko, Yuriy; Küng, Lorenz; … - 2012
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....
Persistent link: https://www.econbiz.de/10009621686