Showing 1 - 10 of 707,062
Persistent link: https://www.econbiz.de/10002740288
Who benefits from economic growth? This paper analyses the distributional impact of different types of growth within a two-sector model. The paper first presents necessary and sufficient conditions for unambiguous changes in wage inequality in a dual economy, based on analysis of the entire...
Persistent link: https://www.econbiz.de/10014065901
Persistent link: https://www.econbiz.de/10011523934
Persistent link: https://www.econbiz.de/10011710537
Persistent link: https://www.econbiz.de/10013263236
Persistent link: https://www.econbiz.de/10011723499
shock. Our estimated model uncovers a central role for investment in the transmission mechanism of monetary policy, as high … MPCs amplify the investment response in the data. This force also generates a procyclical response of consumption to … investment shocks, leading our model to infer a central role for these shocks as a source of business cycles. …
Persistent link: https://www.econbiz.de/10012154622
Persistent link: https://www.econbiz.de/10011708587
Persistent link: https://www.econbiz.de/10012197370
Persistent link: https://www.econbiz.de/10010362453