Income Distribution in Macroeconomic Models (Paperback)

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.

General

Imprint:	Princeton University Press
Country of origin:	United States
Release date:	September 2014
Authors:	Giuseppe Bertola • Reto Foellmi • Josef Zweimuller
Dimensions:	235 x 152 x 38mm (L x W x T)
Format:	Paperback - Trade
Pages:	456
ISBN-13:	978-0-691-16459-5
Categories:	Books > Business & Economics > Economics > Macroeconomics > General
LSN:	0-691-16459-2
Barcode:	9780691164595

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