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showing in a first section the heterogeneity of Maghrebian monetary regimes. We have tried to illustrate in a second section … this heterogeneity via a model describing the functioning of the economy of these countries. Finally, we have attempted to …
Persistent link: https://www.econbiz.de/10011258339
An alternative theoretical setting is presented to characterise the money demand and the monetary equilibrium. Two main hypotheses are stated that contradict the assumptions normally sustained by scholars and policy-makers: National output is assumed to be a random variable, and people are...
Persistent link: https://www.econbiz.de/10013148534
and indefinitely satisfied (sustainable heterogeneity). With appropriate government interventions, such a path is always …
Persistent link: https://www.econbiz.de/10011259529
(sustainable heterogeneity). With appropriate government interventions, such a path is always achievable and is uniquely socially …
Persistent link: https://www.econbiz.de/10011259748
determinants through a dynamic panel model. In particular, this paper focuses on the question of how inequality, trust and humans … affect the above components. The main findings derived from empirical estimations are: (1) Inequality impedes not only …
Persistent link: https://www.econbiz.de/10008543517
heterogeneity. As is well known, heterogeneity in time preference results in substantial inequality. This paper shows that, even if … heterogeneity may more correctly measure people’s “happiness.” However, it also indicates that inequality is necessary for … heterogeneous households are equally and indefinitely satisfied, and heterogeneity is sustainable on this path. The existence of a …
Persistent link: https://www.econbiz.de/10008493034
This paper presents a dynamic competitive equilibrium model in which heterogeneity in time preferences alone can … generate the observed patterns of wealth and income inequality in the United States. This model generalizes the standard …
Persistent link: https://www.econbiz.de/10008684875
model miss substantial heterogeneity. Within the low education subsample, a son (girl) attains about 0.80 (0.60) years of …
Persistent link: https://www.econbiz.de/10011109944
individual in a group wins and receives an award, generating a greater income inequality - or to have a public good that benefits … driven more by their income inequality-averse preferences. …
Persistent link: https://www.econbiz.de/10011113335
determinants through a dynamic panel model. In particular, this paper focuses on the question of how inequality, trust and humans … affect the above components. The main findings derived from empirical estimations are: (1) Inequality impedes not only …
Persistent link: https://www.econbiz.de/10005789840