Inflation, Financial Developments, and Wealth Distribution

Inflation, Financial Developments, and Wealth Distribution
We find that from 1995 to 2002 in China, the dispersion of wealth decreased, the moneywealth ratio increased for all wealth levels and the aggregate money-output ratio increased. We develop a two-asset dynamic general equilibrium model in which households face a portfolio adjustment cost and a borrowing constraint. We find that financial... READ MORE...

Publication date: July 2016
ISBN 9781498352826
$18.00

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Publication date: July 2016

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