| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14118 |
| DP14118 Capital and Income Inequality: An Aggregate-Demand Complementarity | |
| Florin Bilbiie; Diego Känzig; Paolo Surico | |
| 发表日期 | 2019-11-12 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | A novel complementarity between capital and income inequality leads to a significant amplification of the effects of monetary policy on consumption. We characterize this finding analytically and quantitatively, using a model with heterogeneity in household saving and income, nominal rigidities, and capital. A fiscal policy that redistributes capital income causes further amplification, whereas redistributing profits generates dampening. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | monetary policy Capital Income inequality Complementarity Multiplier Heterogeneity Aggregate demand |
| URL | https://cepr.org/publications/dp14118-4 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543006 |
| 推荐引用方式 GB/T 7714 | Florin Bilbiie,Diego Känzig,Paolo Surico. DP14118 Capital and Income Inequality: An Aggregate-Demand Complementarity. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
