Income Distribution in Macroeconomic Models
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A01=Giuseppe Bertola
A01=Josef Zweimuller
A01=Reto Foellmi
Aggregate demand
Aggregate income
AK model
Arbitrage
Asset
Author_Giuseppe Bertola
Author_Josef Zweimuller
Author_Reto Foellmi
Budget constraint
Capital accumulation
Category=KCB
Ceteris paribus
Cobb-Douglas production function
Consumer
Consumer behaviour
Consumption (economics)
Consumption function
Demand curve
Depreciation
Developed country
Discounts and allowances
Economic equilibrium
Economic growth
Economic inequality
Economy
Elasticity of substitution
Employment
Endogenous growth theory
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Expenditure
Factor endowment
Factor income
Factor market
Factor price
Factors of production
General equilibrium theory
Household
Human capital
Income
Income distribution
Income Risk
Income-consumption curve
Interest rate
Intertemporal budget constraint
Investment
Long run and short run
Luxury goods
Macroeconomics
Marginal product
Marginal propensity to consume
Marginal utility
Market failure
Market power
Pareto efficiency
Present value
Price elasticity of demand
Production function
Productivity
Rate of return
Relative price
Representative agent
Saving
Social planner
Stock
Substitution effect
Supply (economics)
Tax
Technical progress (economics)
Technology
Time horizon
Uncertainty
Utility
Value (economics)
Wage
Wealth
Product details
- ISBN 9780691121710
- Weight: 794g
- Dimensions: 152 x 235mm
- Publication Date: 25 Dec 2005
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Hardback
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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.
Giuseppe Bertola is Professor of Economics at the University of Turin. Reto Foellmi is Assistant Professor of Economics at the University of Zurich. Josef Zweimuller is Professor of Economics at the University of Zurich.
