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Tax progressivity, economic booms, and trickle-up economics
Jackson, Laura; Otrok, Christopher M.; Owyang, Michael T. - 2019
We propose a method to decompose changes in the tax structure into a component measuring the level of taxes and a component orthogonal to the level that measures progressivity. While our focus is on the progessivity results, we find that the level shock is similar to standard tax shocks found in...
Persistent link: https://www.econbiz.de/10012138982
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The role of financial systems for cross-country differences in the link between income and consumption inequality
Gu, Xinhua; Zhang, Yang; Chang, Xiao - In: Applied economics 49 (2017) 24, pp. 2365-2378
Persistent link: https://www.econbiz.de/10011817382
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Inequality, debt servicing and the sustainability of steady state growth
Setterfield, Mark; Kim, Yun K.; Rees, Jeremy - In: Review of political economy 28 (2016) 1, pp. 45-63
Persistent link: https://www.econbiz.de/10011446465
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Debt servicing, aggregate consumption, and growth
Setterfield, Mark; Kim, Yun K. - In: Structural change and economic dynamics : SC+ED 36 (2016), pp. 22-33
Persistent link: https://www.econbiz.de/10011580650
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Understanding the distributional impact of long-run inflation
Camera, Gabriele; Chien, YiLi - In: Journal of money, credit and banking : JMCB 46 (2014) 6, pp. 1137-1170
Persistent link: https://www.econbiz.de/10010466629
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Essays in macroeconomics : inflation inequality, consumption baskets and impulse responses
Weissert, Christoffer Jessen - 2022
and third chapter. The method presented in the first chapter contributes to analyses of inflation inequality. The method … presented in the third chapter contributes to analyses on how the economy responds to shocks. The inflation inequality discussed …
Persistent link: https://www.econbiz.de/10013198756
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Inflationary Redistribution, Trading Opportunities and Consumption Inequality
Kam, Timothy; Lee, Junsang - 2022
stylized facts connecting inflation to consumption inequality, to price dispersion, and to the speed of monetary payments. With …-margin) force that works in opposite direction to well-known redistributive (intensive-margin) effect of inflation. This implies a … new trade-off in response to long run inflation targets. Welfare falls but liquid-wealth inequality falls and then rises …
Persistent link: https://www.econbiz.de/10013294758
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Inflationary Redistribution, Trading Opportunities and Consumption Inequality
Kam, Timothy; Lee, Junsang - 2022
stylized facts connecting inflation to consumption inequality, to price dispersion, and to the speed of monetary payments. With …-margin) force that works in opposite direction to well-known redistributive (intensive-margin) effect of inflation. This implies a … new trade-off in response to long-run inflation targets. Welfare falls but liquid-wealth inequality falls and then rises …
Persistent link: https://www.econbiz.de/10013298598
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Biases in consumer elasticities based on micro and aggregate data : an integrated framework and empirical evaluation
Denton, Frank T.; Mountain, Dean C. - 2015
Policy analysis frequently requires estimates of aggregate (or mean) consumer elasticities. However, estimates are often made incorrectly, based on elasticity calculations at mean income. We provide in this paper an overall integrated analytical framework that encompasses these biases and...
Persistent link: https://www.econbiz.de/10010498377
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Towards a micro-simulated model of household consumption and savings
Gomes, Orlando; Sequeira, Jorge; Guareva, Mariya; … - In: Contributions on applied business research and …, (pp. 231-264). 2019
Persistent link: https://www.econbiz.de/10012161935