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Income Distribution in Macroeconomic Models / Reto Foellmi, Giuseppe Bertola, Josef Zweimüller.

By: Contributor(s): Material type: TextTextPublisher: Princeton, NJ : Princeton University Press, [2014]Copyright date: ©2005Edition: Course BookDescription: 1 online resource (456 p.) : 29 line illusContent type:
Media type:
Carrier type:
ISBN:
  • 9780691121710
  • 9781400865093
Subject(s): Other classification:
  • online - DeGruyter
Online resources: Available additional physical forms:
  • Issued also in print.
Contents:
Frontmatter -- Contents -- Introduction -- Part One. Aggregate Growth and Individual Savings -- CHAPTER ONE. Production and Distribution of Income in a Market Economy -- CHAPTER TWO. Exogenous Savings Propensities -- CHAPTER THREE. Optimal Savings -- CHAPTER FOUR. Factor Income Distribution -- CHAPTER FIVE. Savings and Distribution with Finite Horizons -- CHAPTER SIX. Factor Shares and Taxation in the OLG Model -- Part Two. Financial Market Imperfections -- CHAPTER SEVEN. Investment Opportunities and the Allocation of Savings -- CHAPTER EIGHT. Risk and Financial Markets -- CHAPTER NINE. Uninsurable Income Shocks -- Part Three. Many Goods -- CHAPTER TEN. Distribution and Market Power -- CHAPTER ELEVEN. Indivisible Goods and the Composition of Demand -- CHAPTER TWELVE. Hierarchic Preferences -- CHAPTER THIRTEEN. Dynamic Interactions of Demand and Supply -- Solutions to Exercises -- References -- Index
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 market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.
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Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9781400865093

Frontmatter -- Contents -- Introduction -- Part One. Aggregate Growth and Individual Savings -- CHAPTER ONE. Production and Distribution of Income in a Market Economy -- CHAPTER TWO. Exogenous Savings Propensities -- CHAPTER THREE. Optimal Savings -- CHAPTER FOUR. Factor Income Distribution -- CHAPTER FIVE. Savings and Distribution with Finite Horizons -- CHAPTER SIX. Factor Shares and Taxation in the OLG Model -- Part Two. Financial Market Imperfections -- CHAPTER SEVEN. Investment Opportunities and the Allocation of Savings -- CHAPTER EIGHT. Risk and Financial Markets -- CHAPTER NINE. Uninsurable Income Shocks -- Part Three. Many Goods -- CHAPTER TEN. Distribution and Market Power -- CHAPTER ELEVEN. Indivisible Goods and the Composition of Demand -- CHAPTER TWELVE. Hierarchic Preferences -- CHAPTER THIRTEEN. Dynamic Interactions of Demand and Supply -- Solutions to Exercises -- References -- Index

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

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 market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.

Issued also in print.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)