This paper studies how distributional and electoral concerns shape sovereign default incentives within a quantitative model of sovereign debt with heterogeneous agents and non-linear income taxation. The small open economy is characterized by a two-party system in which the left-wing party has a...

"China has experienced radical societal change since the initiation of the reform and openness programme in 1978. These changes have brought about significant income discrepancy between regions, social classes and generations; rendering the fair distribution of income an ever more important...

The ongoing energy transition is a process of moving away from fossil fuels towards the use of sustainable, renewable energies in all sectors of the economy and answer the question to what extent households are influenced along the journey. The spectrum of the energy transition begins with...

We propose a coherent unified approach to the study of the linkages among economic growth, financial structure, and inequality, bringing together disparate theoretical and empirical literature. That is, we show how to conduct model-based quantitative research on transitional paths. With...