Redistributive policy, inequality and growth
نویسندگان
چکیده
منابع مشابه
Redistributive Monetary Policy
Short-term debt financing played an important role in the run-up to the financial crisis, as increases in leverage helped boost growth, but also made the economy more susceptible to a sharp downturn. Since the recession, private agents have reduced their debt level while many governments have increased borrowing. This deleveraging process appears to be holding back the recovery, and the Japanes...
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Liquidity and deflationary spirals self-generate endogenous risk and redistribute wealth. Monetary policy can mitigate these effects and help rebalance wealth after an adverse shock, thereby reducing endogenous risk, stabilizing the economy, and stimulating growth. The redistributive channel differs from the classical Keynesian interest rate channel in models with price stickiness. Central bank...
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Acknowledgments This project began with a workshop supported by the Social Sciences and Humanities Research Council of Canada (SSHRC) in May 2010, at which authors presented initial drafts of their chapters. We owe a special debt of thanks to Deanna Pikkov, who helped organize both the workshop and the successful SSHRC grant application that funded it. Numerous colleagues and graduate students ...
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Do income taxes levied at a state or regional level affect the after-tax distribution of income? Or do workers merely move between regions, causing pre-tax wages to adjust? Using the full income tax parameters for all US states from 1977-2002, I create a “simulated tax redistribution index”, which captures the mechanical impact of changes in tax policy on the Gini coefficient, but is exogenous ...
متن کاملGrowth, Learning and Redistributive Policies
This paper develops an endogenous growth model with redistributive taxation in which the growth rate of the economy affects the agents’ preferences over redistributive policies, and therefore, the equilibrium level of taxation. The main mechanism through which the growth rate affects policy preferences is by changing the ability of the agents to learn their positions in the future distribution ...
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ژورنال
عنوان ژورنال: Journal of Economics
سال: 1995
ISSN: 0931-8658
DOI: 10.1007/bf01227535