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country-specific institutions. The model is calibrated for the United States, Germany and China. Simulations suggest that a … 1980s can be explained by the interplay of rising (top-end) household income inequality and institutions. On the other hand … personellen Einkommensverteilung auf nationale Leistungsbilanzsalden zu analysieren. Im Modell hat jedes Land einen Haushalts- und …
Persistent link: https://www.econbiz.de/10010201629
Persistent link: https://www.econbiz.de/10012122658
Als Deutschland dem Eurosystem beitrat, zeigte die Leistungsbilanz ein Defizit. Seit über einer Dekade jedoch hat die … diskutierten Ursachen wurde die Verbesserung der deutschen Leistungsbilanz von starken Veränderungen in der personellen und noch … deutlicher in der funktionalen Einkommensverteilung begleitet. In diesem Papier argumentieren wir, dass Veränderungen der …
Persistent link: https://www.econbiz.de/10010481120
-Standard Theorie des Haushaltskonsums, die Relative Einkommenshypothese, zurück. Es wird argumentiert, dass steigende …, saving, and debt for the 1920s by applying a non-standard theory of consumption, the relative income hypothesis, to the …
Persistent link: https://www.econbiz.de/10011289390
country-specific institutions. The model is calibrated for the United States, Germany and China. Simulations suggest that a … 1980s can be explained by the interplay of rising (top-end) household income inequality and institutions. On the other hand …
Persistent link: https://www.econbiz.de/10010460552
country-specific institutions. The model is calibrated for the United States, Germany and China. Simulations suggest that a … 1980s can be explained by the interplay of rising (top-end) household income inequality and institutions. On the other hand …
Persistent link: https://www.econbiz.de/10010944678
Persistent link: https://www.econbiz.de/10011342188
This paper analyses the long-run effects of financialisation and of the recent financial and economic crises for 15 countries. In order to provide a theoretical framework, we first outline three types of regimes under the conditions of financialisation, namely a debtled private demand boom, an...
Persistent link: https://www.econbiz.de/10011311194
This study on Germany examines the long-run changes between the financial and the non-financial sectors of the economy, and in particular the effects of these changes on the macroeconomic developments that have led or contributed to the financial crisis starting in 2007 and the Great Recession...
Persistent link: https://www.econbiz.de/10010433934
We analyse the link between income distribution and the current account for the period 1972-2007. We find that rising (top-end) personal inequality leads to a decrease of the current account, ceteris paribus. This result is consistent with consumption externalities resulting from upward-looking...
Persistent link: https://www.econbiz.de/10010481412