Income distribution in macroeconomic models / Giuseppe Bertola, Reto Foellmi, Josef Zweimüller

This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of resul...

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Main Author: Bertola, Giuseppe
Other Authors: Foellmi, Reto
Zweimüller, Josef
Format: Book
Edition: 1st edition
Publication: Princeton (New Jersey) : Princeton University Press, 2014
Physical Description: 456 páginas : gráficas ; 25 cm
Clasificación CDU: 330:330.43
* 330.43
Edición: 1st edition
Tipo de contenido: Texto (visual)
Tipo de medio: sin mediación
Tipo de soporte: volumen
Summary: This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic
Subjects:
ISBN: 9780691164595

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