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Inequality, Leverage and Crises: The Case of Endogenous Default
Kumhof, Michael; Ranciere, Romain; Winant, Pablo - International Monetary Fund (IMF) - 2013
The paper studies how high household leverage and crises can arise as a result of changes in the income distribution …
Persistent link: https://www.econbiz.de/10010790328
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Consumption Based Estimates of Urban Chinese Growth
Chamon, Marcos; Filho, Irineu E. Carvalho - International Monetary Fund (IMF) - 2013
This paper estimates the household income growth rates implied by food demand in a sample of urban Chinese households …
Persistent link: https://www.econbiz.de/10011142159
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Dimensions of Inequality in Canada
Brzozowski, Matthew; Gervais, Martin; Klein, Paul; … - Institute for Monetary and Economic Studies, Bank of Japan - 2009
In this paper, we document some features of the distribution of income, consumption and wealth in Canada using survey data from many different sources. We find that wage and income inequality has increased substantially over the last 30 years, but that much of this rise was offset by the tax and...
Persistent link: https://www.econbiz.de/10004971197
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Consumption, Income, and Wealth Inequality in Canada
Brzozowski, Matthew; Gervais, Martin; Klein, Paul; … - In: Review of Economic Dynamics 13 (2010) 1, pp. 52-75
In this paper, we document some features of the distribution of income, consumption and wealth in Canada using survey data from many different sources. We find that wage and income inequality have increased substantially over the last 30 years, but that much of this rise was offset by the tax...
Persistent link: https://www.econbiz.de/10008487513
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Inequality, Leverage and Crises
Ranciere, Romain; Kumhof, Michael - International Monetary Fund (IMF) - 2010
The paper studies how high leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of the rich, a large increase in leverage for the remainder, and an eventual financial...
Persistent link: https://www.econbiz.de/10008777032
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The Myth of Post-Reform Income Stagnation; Evidence From Brazil and Mexico
Filho, Irineu E. Carvalho; Chamon, Marcos - International Monetary Fund (IMF) - 2008
Economic policies are often judged by a handful of statistics, some of which may be biased during periods of change. We estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico, and find that changes in consumption patterns...
Persistent link: https://www.econbiz.de/10005769214
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China; Does Government Health and Education Spending Boost Consumption?
Barnett, Steven; Brooks, Ray - International Monetary Fund (IMF) - 2010
household behavior. The impact, moreover, is large. A one yuan increase in government health spending is associated with a two … yuan increase in urban household consumption. …
Persistent link: https://www.econbiz.de/10008561091
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Public Expenditureson Social Programs and Household Consumption in China
Baldacci, Emanuele; Ding, Ding; Coady, David; … - International Monetary Fund (IMF) - 2010
household consumption in China. The paper first undertakes an empirical study of the relationship between the savings rate and … then applies a generational accounting framework to Chinese household income survey data. This analysis suggests that a … result in a permanent increase the household consumption ratio of 1¼ percentage points of GDP. …
Persistent link: https://www.econbiz.de/10008470372
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Determinants of China's Private Consumption; An International Perspective
Guo, Kai; Papa M'B. P. N'Diaye - International Monetary Fund (IMF) - 2010
countries' historical experience. The results suggest, in particular, that efforts to further raise household income and the … household income and mitigate household-specific risk (such as by improving the healthcare and pension systems) also have a role …
Persistent link: https://www.econbiz.de/10008470395
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The Rich and the Great Recession
Bakker, Bas B.; Felman, Joshua - International Monetary Fund (IMF) - 2014
Most papers explaining the macro causes of the U.S. Great Recession focus on the behavior of the middle class: how its saving rate declined in the pre-crisis years, then surged following the crisis. This paper argues that the saving rate of the rich followed a similar pattern, the result of...
Persistent link: https://www.econbiz.de/10011105398