This paper analyzes the role of income distribution in macroeonomic analysis. The study demonstrates that the long …-run equilibrium depends on the initial distribution of income. In accordance with empirical evidence concerning the correlation … between income distribution and output, an economy that is characterized by a relatively equal distribution of wealth is …

economic equality and political independence from the influence of an external power turn out to be robust characteristics …Some middle-income economies, many of which Latin American, have not achieved to make the transition into high … proximate causes of this phenomenon, we present a global political economy perspective to the discussion, arguing that global …

This paper explores how support for radical right populist parties may be shaped by new measures of deprivation and … calculating a given decile's gains relative to the gains of other deciles. The paper argues that such positional measures capture … drivers of economic resentment relevant to radical-right populism. First, radical right populism is more likely among …

Many countries in the Western hemisphere are currently experiencing a backlash against globalization. Most of the … drivers of the backlash. Doing so, the discussion has primarily revolved around the question whether and to what extend the … that income inequality is perceived very differently depending on openness to trade. The relevance of perceptions has wider …

Globalisation has a major impact on the levels and distribution of wealth. The financial markets are highly integrated …, and valuations of financial assets follow international patterns, which has contributed to large increases in financial … rates of return have decreased during the same era. Moreover, changes in functional income distribution (capital …