Income Distribution in Macroeconomic Models Paperback / softback
by Giuseppe Bertola, Reto Foellmi, Josef Zweimuller
Paperback / softback
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Description
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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Available to Order - This title is available to order, with delivery expected within 2 weeks
- Format:Paperback / softback
- Pages:456 pages, 29 line illus.
- Publisher:Princeton University Press
- Publication Date:28/09/2014
- Category:
- ISBN:9780691164595
Other Formats
- Hardback from £62.43
- EPUB from £30.00
Information
-
Available to Order - This title is available to order, with delivery expected within 2 weeks
- Format:Paperback / softback
- Pages:456 pages, 29 line illus.
- Publisher:Princeton University Press
- Publication Date:28/09/2014
- Category:
- ISBN:9780691164595