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pro vyhledávání: '"Bilbiie, F."'
We quantify the connection between inequality and business cycles in a medium-scale New Keynesian model with tractable household heterogeneity, estimated with aggregate and cross-sectional data. We find that inequality substantially amplifies cyclica
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e6c6fa9b711a829ef2c52cf6d01d9630
A novel complementarity between capital and income inequality leads to a significant amplification of the effects of aggregate-demand shocks on consumption. We characterize this finding using a simple model with heterogeneity in household saving and
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::ad4398f497fce080fe1967336b259b68
https://lbsresearch.london.edu/id/eprint/2209/1/1-s2.0-S0304393222000149-main.pdf
https://lbsresearch.london.edu/id/eprint/2209/1/1-s2.0-S0304393222000149-main.pdf
A novel complementarity between capital and income inequality leads to a significant amplification of the effects of aggregate-demand shocks on consumption. We characterize this finding using a simple model with heterogeneity in household saving and
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::447977f9224156504b56f5c5a57ad45e
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