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Our computational economic analysis investigates the relationship between inequality and the financial accumulation process in the study of income and wealth distributions. Extending the baseline model by Levy et al., we characterise the economic process trough featured return structures...
Persistent link: https://www.econbiz.de/10013029158
Our computational economic analysis investigates the relationship between inequality, mobility and the financial accumulation process. Extending the baseline model by Levy et al., we characterise the economic process through stylised return structures generating alternative evolutions of income...
Persistent link: https://www.econbiz.de/10014134556
We build an agent-based model to study how coordination failures, credit constraints and unequal access to investment … projects associated with different productivity growth rates. Access to investment projects also depends on credit availability …
Persistent link: https://www.econbiz.de/10012584308
The aim of this paper is to investigate the relationship between increasing inequality and financial fragility in an agent based macroeconomic model. We analyse the effects of a non-linear relationship between wealth and consumption on the evolution of the economic system. Preliminary results...
Persistent link: https://www.econbiz.de/10013072814
endogenous credit creation, so as to study the joint dynamics of both the personal and the functional distribution of income …
Persistent link: https://www.econbiz.de/10013046927
We build an agent-based model to study how coordination failures, credit constraints and unequal access to investment … projects associated with different productivity growth rates. Access to investment projects also depends on credit availability …
Persistent link: https://www.econbiz.de/10013220316
. This study tries to empirically identify the mechanism that approximates the observed patterns of consumer credit interest …
Persistent link: https://www.econbiz.de/10014239380
Persistent link: https://www.econbiz.de/10012131096
responses. We show that inequality shocks generate persistent falls in aggregate income by increasing the fraction of credit …
Persistent link: https://www.econbiz.de/10011598685
-mortgage debt (the sum of secured lines of credit, unsecured lines of credit, leases and other consumer loans, except for credit …
Persistent link: https://www.econbiz.de/10009690836