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Why are some people wealth rich while others are poor? To what extent can governments affect inequality? Which instruments should they use? Answering these questions requires understanding why people save. Dynamic quantitative models of wealth inequality can help us to understand and quantify...
Persistent link: https://www.econbiz.de/10011671879
heterogeneous-agents and incomplete markets (HAIM) hypothesis to justify a high debt-to-GDP ratio have been extensively studied. Two … dynamic relationship between optimal debt and optimal taxation remains unclear in HAIM models, especially considering that the …
Persistent link: https://www.econbiz.de/10012216790