redistribution brought about by a moderate inflation episode. Redistribution takes the form of 'ends-against-the-middle': the middle … calibrated OLG model is used to assess the macroeconomic implications of this redistribution under alternative fiscal policy … rules. We show that inflation-induced redistribution has a persistent negative effect on output, but improves the weighted …

even reversing the order of State fiscal endowments per capita after redistribution. It also looks into the disincentive …

The Paper studies the effects and the determinants of interregional redistribution in a model of residential and … redistribution always leads to the divergence of regional policies and per capita incomes. Thus, interregional redistribution …

widespread social unrest and revolution. Political transition, rather than redistribution under existing political institutions … political equilibria and acts as a commitment to redistribution. Our theory also offers a novel explanation for the Kuznets … curve in many Western economies during this period, with the fall in inequality following redistribution due to …

If redistribution is distortionary, and if the income of skilled workers is due to knowledge-intensive activities and … reduction reduces statis inefficiency. On the other hand, standard redistribution also reduces the level of R&D because it … that standard redistribution always dominates limitations to IPRs. …

We study the politics of intergenerational redistribution in an overlapping-generations model with short …