As suggested by recent empirical evidence, one of the causes behind the widespread rise of inequality experienced by … OECD countries in the last few decades may have been the increased flexibility of labor markets. The authors explore this … hypothesis through the analysis of a stock-flow consistent agent-based macroeconomic model able to reproduce with good …

The last four decades have been marked by growing inequality. The inequality of income and wealth is one of the most … important macroeconomic issues of our time. Inequality contributed to Global Savings Glut and Global Financial Crisis through … factors, monetary policy, high leverage and the development of new money substitutes are critical in explaining the inequality …

We estimate this general model econometrically for the UK The aim of this paper is to develop a macroeconomic model to … analyse the effects of multiple dimensions of inequalities and fiscal policies on macroeconomic outcomes. The theoretical … novelty is to develop a unified model, integrating i) the impact of three dimensions of inequalities -functional income …