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Lax monetary policy in the United States has been pointed out as one of the responsible factors behind the recent global crisis. Similar loose monetary conditions also prevailed in many European countries before the crisis and were argued to be among the accommodating factors behind the run-up...
Persistent link: https://www.econbiz.de/10008826302
The root cause behind the Chinese economy's slowing down in 2012 lies in a "one-size-fits-all" approach to macroeconomic management. This approach must be abandoned if domestic demand is to be effectively boosted. A superior approach would involve the introduction of policies tailored to the...
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This paper analyzes the unprecedented resilience of Latin American countries to the global financial crisis. It argues that sound macroeconomic conditions, which allowed an unusual monetary and fiscal expansion, exchange rate flexibility, a strong and well--regulated financial system, high level...
Persistent link: https://www.econbiz.de/10010790395
inequality induces more government redistribution; (2) more government redistribution is financed by higher distortionary … inequality-growth transmission channel they propose, must therefore be assessed as overly simplistic and inadequate with respect …
Persistent link: https://www.econbiz.de/10010306778
according to which (1) rising inequality induces more government redistribution; (2) more government redistribution is financed …, as well as the specific inequality-growth transmission channel they propose, must therefore be assessed as overly …
Persistent link: https://www.econbiz.de/10010263391
examines the correlations between income inequality and economic growth using a panel of income distribution data for 3 …,109 counties of the U.S. We examine the non-spatial dynamic correlations between county inequality and growth using a System GMM … approach, and find significant negative relationships between changes in inequality in one period and growth in the subsequent …
Persistent link: https://www.econbiz.de/10009464068
This study reexamines the relationship between economic growth and inequality, challenging the conventional view that … regards inequality solely as an impediment to development. While recognizing the essential role of economic growth in … growth. We explore how inequality interplays with pressing global challenges like climate change and pandemics, areas that …
Persistent link: https://www.econbiz.de/10014438991