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Income distribution and current account : a sectoral perspective ; conference paper

Behringer, Jan; Treeck, Till van - 2014 - December 18, 2013

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

Income distribution, household debt, and aggregate demand : a critical assessment

Mason, J. W. - 2018

During the period leading up to the recession of 2007-08, there was a large increase in household debt relative to income, a large increase in measured consumption as a fraction of GDP, and a shift toward more unequal income distribution. It is sometimes claimed that these three developments...

Persistent link: https://www.econbiz.de/10011810449

收入分配、总消费、与相对收入假说：一个文献述评 (Income Distribution, Aggregate Consumption, and Relative Income Hypothesis : A Literature Review)

Tang, Xiang - 2012

consumption theory in the West, in relation to the question of whether and how income distribution affects aggregate consumption …, thereby showing that the relative income hypothesis (RIH) is the only consumption theory that is consistent with the existing … theory per se and in relation to the discussion of whether China's growing income inequality has adversely affected its …

Persistent link: https://www.econbiz.de/10013108889

Predictable Life-Cycle Shocks, Income Risk and Consumption Inequality

Primiceri, Giorgio E. - 2006

Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX repeated cross-section data on consumption and income to...

Persistent link: https://www.econbiz.de/10012733915

Income inequality and saving in a class society : the role of ordinal status

Haagsma, Rein - 2018

This paper examines the impact of income growth and income inequality on household saving rates and payoffs in a non-cooperative game where each player’s payoff depends on her present and future consumption and her rank in the present consumption distribution. The setting is a pooling...

Persistent link: https://www.econbiz.de/10011877943

Income inequality and saving in a class society : the role of ordinal status

Haagsma, Rein - 2018

This paper examines the impact of income growth and income inequality on household saving rates and payoffs in a non-cooperative game where each player's payoff depends on her present and future consumption and her rank in the present-consumption distribution. The setting is a pooling...

Persistent link: https://www.econbiz.de/10011789399

Of proprietors and proletarians : inequality, household indebtedness, macroeconomic imbalances and the ownership society

Holzner, Mario; Jestl, Stefan - 2015

Persistent link: https://www.econbiz.de/10010517173

On the relation between capital flows and the current account

Oeking, Anne; Zwick, Lina - 2015

Imbalances in the current and financial account have been at the heart of the discussion on global imbalances. With respect to monitoring macroeconomic stability it is highly important to know whether capital flows cause reactions in the current account or whether they rather adjust to changes...

Persistent link: https://www.econbiz.de/10011299087

Sudden stop regimes and output : a Markov switching analysis

Bachmann, Andreas; Leist, Stefan - 2013

Sudden stops in capital inflows were a main characteristic of the emerging market crisis during the 1990's. Concerns about them have recurred in the light of recently increased global stability risk and the quantitative easing that led to substantial capital inflows in emerging economies. We add...

Persistent link: https://www.econbiz.de/10010199563

Sustainability of the Macedonian current account

Unevska, Danica; Jovanovic, Branimir - Narodna Banka na Republika Makedonija; Narodna Banka na … - 2011

Most of the emerging European countries, including Republic of Macedonia, are faced with greater or smaller current account deficits, which raise the concern about their sustainability in the long run. This working paper examines the sustainability of the Macedonian current account deficit using...

Persistent link: https://www.econbiz.de/10011623376