We study the economic relationship between globalization and inequality within a country. In a partial equilibrium it …, relative consumption inequality between employed and the marginalized always rises by intensified globalization. However in … certain situations the relative income inequality may fall. -- Globalization ; inequality ; marginalization ; policy …

This note examines the behavior of a competitive firm that faces joint price and inflation risk. Given that the price … risk is negatively correlated with the inflation risk in the sense of expectation dependence, the firm optimally opts for … inflation risk, it is not the case when the inflation risk prevails. In contrast to the conventional wisdom, forward hedging …

and inflation risk. Both sources of uncertainty make it difficult to stabilize consumption over time. However, investors …