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This paper studied the effects of credit to private non-financial sectors on income inequality. In particular, we … focused on the distinction between household and firm credits, and investigated whether these two types of credit had adverse … developed and developing countries over the period from 1995 to 2013, we showed that firm credit reduced income inequality …
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This paper proposes and tests a theory of credit-driven asset bubbles which are neutral in their real effects. When a …
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