DISINFLATION, INEQUALITY, AND WELFARE IN A TANK MODEL.
We investigate the redistributive and welfare effects of disinflation in a two‐agent New Keynesian model characterized by limited asset market participation and wealth inequality. We highlight two key mechanisms driving our long‐run results: (1) the cash in advance constraint on firms working capita...
| Publicado en: | Economic Inquiry Vol. 58; no. 3; pp. 1297 - 1314 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Jul2020
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |