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The idea that high levels of economic inequality negatively affect the rate and sustainability of economic growth is quite popular in the scientific literature. Therefore, it is usually proposed to take some regulative measures to reduce economic inequality in order to boost economic growth....
Persistent link: https://www.econbiz.de/10013164223
We present a sticky-price model incorporating heterogeneous Firms and systematic firm-level productivity trends. Aggregating the model in closed form, we show that it delivers radically different predictions for the optimal inflation rate than canonical sticky price models featuring homogenous...
Persistent link: https://www.econbiz.de/10011755763
We present a sticky-price model incorporating heterogeneous firms and systematic firm-level productivity trends. Aggregating the model in closed form, we show that it delivers radically different predictions for the optimal inflation rate than canonical sticky price models featuring homogenous...
Persistent link: https://www.econbiz.de/10011712837
Sticky price models featuring heterogeneous firms and systematic firm-level productivity trends deliver radically different predictions for the optimal inflation rate than their popular homogenous-firm counterparts: (1) the optimal steady-state inflation rate generically differs from zero and...
Persistent link: https://www.econbiz.de/10011845313
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This article brings together the varieties of capitalism and the growth model approaches to comparative political …Dieses Working Paper führt die Forschungsrichtungen der "Varieties of Capitalism" und der "Wachstumsmodelle" in der … komparativen politischen Ökonomie zusammen, um die makroökonomischen Auswirkungen von Veränderungen in der Einkommensverteilung zu …
Persistent link: https://www.econbiz.de/10011914115
This article brings together the varieties of capitalism and the growth model approaches to comparative political …
Persistent link: https://www.econbiz.de/10011924555
Persistent link: https://www.econbiz.de/10012166443