[PDF.46th] International Finance Discussion Papers: Income Inequality and Macroeconomic Fluctuations
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International Finance Discussion Papers: Income Inequality and Macroeconomic Fluctuations
Murat F. Iyigun, Ann L. Owen
[PDF.tm76] International Finance Discussion Papers: Income Inequality and Macroeconomic Fluctuations
International Finance Discussion Papers: Murat F. Iyigun, Ann L. Owen epub International Finance Discussion Papers: Murat F. Iyigun, Ann L. Owen pdf download International Finance Discussion Papers: Murat F. Iyigun, Ann L. Owen pdf file International Finance Discussion Papers: Murat F. Iyigun, Ann L. Owen audiobook International Finance Discussion Papers: Murat F. Iyigun, Ann L. Owen book review International Finance Discussion Papers: Murat F. Iyigun, Ann L. Owen summary
| Murat F Iyigun | 2013-02-08 | Original language:English | PDF # 1 | 9.69 x.7 x7.44l,.18 | File type: PDF | 34 pages | International Finance Discussion Papers|
When per capita income is low, increases in income inequality make macroeconomic cycles less severe. We present a model in which access to credit is based on earnings potential. If low as well as middle income individuals are credit constrained, increases in income inequality lead to smaller fluctuations in aggregate consumption and output. Empirical evidence from cross-country data supports the view that greater income inequality causes lower variation of real consumpti...
You can specify the type of files you want, for your device.International Finance Discussion Papers: Income Inequality and Macroeconomic Fluctuations | Murat F. Iyigun, Ann L. Owen. I have read it a couple of times and even shared with my family members. Really good. Couldnt put it down.