macrodynamic modeling. We start from a simple prototype small scale model of private debt and income with fixed prices. This system … is similar to the Lotka-Volterra predator-prey system, in which private debt plays the role of predator and income plays …

foreign banks. We investigate the effects and interactions that these features have on trade and financial flows, income …

financialisation to the macroeconomy: first, the effect on income distribution, second, the effects on investment in capital stock … income at the expense of the labour income share and depressed investment in capital stock, each a major feature of …

financialisation to the macroeconomy: first, the effect on income distribution, second, the effects on investment in capital stock … income at the expense of the labour income share and depressed investment in capital stock, each a major feature of …

The object of this paper is to analyse the links between income distribution and growth in a finance-led economy, with … macroeconomic and income distribution dynamic. We will use the steady-state case and simulations experiments to analyse model …

What contributes to the growing income inequality across U.S. households? We develop an information- based general … equilibrium model that links capital income derived from financial assets to a level of investor sophistication. Our model implies … income inequality between sophisticated and unsophisticated investors that is growing in investors' aggregate and relative …

We present data from the Survey of Consumer Finances showing that the increased earnings (labor income) inequality, in … combination with increased stockmarket partic- ipation, has roughly doubled stockholders’share of aggregate labor income in the … last four decades. We explore the impact of the increase in this share on returns to equity and returns to a risk-free bond …