Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Macroeconomic Adjustment And Income Distribution
Download Macroeconomic Adjustment And Income Distribution full books in PDF, epub, and Kindle. Read online Macroeconomic Adjustment And Income Distribution ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Adjustment and Income Distribution by : François Bourguignon
Download or read book Adjustment and Income Distribution written by François Bourguignon and published by . This book was released on 1989 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a structural macro simulation model to quantify the effects of alternative stabilization packages on the distribution of income and wealth. The model combines the explicit microeconomic optimizing behavior characteristic of computable general equilibrium models with asset portfolio behavior of macroeconomic models in Tobin's tradition. In this model there are four main mechanisms by which policy changes affect the distribution of income and wealth. First changes in factor rewards affect directly household income distribution. Second, household real incomes are affected by changes in their respective cost of living indexes. Third, household real incomes are affected by changes in real returns on financial assets since household incomes include income from financial holdings. Fourth, household wealth distribution is affected by capital gains and losses. Simulations with' the model are carried out for a representative economy subject to the interest rate and terms-of-trade shocks of the early 1980s. The simulations suggest a large adverse impact on the distribution of income of a sharp contractionary package. The resulting distributional shifts are likely to endanger the sustainability of the package even though the distribution of income becomes more equal when normal policies are resumed. By contrast, the targeted expenditure cut programs advocated by the critics of contractionary packages result in a much less unequal distribution of income during the adjustment package, even though the distributional improvements of the targeted package are mostly reversed in the post-adjustment period. The simulations support the view that stabilization packages which do not have specific components targeted towards the poor will have a noticeable adverse effect on the distribution of income, which is likely to result in some form of permanent damage for those below the poverty line.
Book Synopsis Adjustment and Income Distribution by : Francois Bourguignon
Download or read book Adjustment and Income Distribution written by Francois Bourguignon and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a structural macro simulation model to quantify the effects of alternative stabilization packages on the distribution of income and wealth. The model combines the explicit microeconomic optimizing behavior characteristic of computable general equilibrium models with asset portfolio behavior of macroeconomic models in Tobin's tradition. In this model there are four main mechanisms by which policy changes affect the distribution of income and wealth. First changes in factor rewards affect directly household income distribution. Second, household real incomes are affected by changes in their respective cost of living indexes. Third, household real incomes are affected by changes in real returns on financial assets since household incomes include income from financial holdings. Fourth, household wealth distribution is affected by capital gains and losses. Simulations with' the model are carried out for a representative economy subject to the interest rate and terms-of-trade shocks of the early 1980s. The simulations suggest a large adverse impact on the distribution of income of a sharp contractionary package. The resulting distributional shifts are likely to endanger the sustainability of the package even though the distribution of income becomes more equal when normal policies are resumed. By contrast, the targeted expenditure cut programs advocated by the critics of contractionary packages result in a much less unequal distribution of income during the adjustment package, even though the distributional improvements of the targeted package are mostly reversed in the post-adjustment period. The simulations support the view that stabilization packages which do not have specific components targeted towards the poor will have a noticeable adverse effect on the distribution of income, which is likely to result in some form of permanent damage for those below the poverty line.
Book Synopsis Macroeconomic Adjustment and Income Distribution by :
Download or read book Macroeconomic Adjustment and Income Distribution written by and published by . This book was released on 1989 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Methods for Measuring the Effect of Adjustment Policies on Income Distribution by : Anne Maasland
Download or read book Methods for Measuring the Effect of Adjustment Policies on Income Distribution written by Anne Maasland and published by World Bank Publications. This book was released on 1990 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are a variety of approaches, and country issues and data availability will determine the most practical approach.
Book Synopsis Adjustment and Income Distribution by : Francois Bourguignon
Download or read book Adjustment and Income Distribution written by Francois Bourguignon and published by World Bank Publications. This book was released on 1989 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroeconomic Adjustment and Income Distribution by : François Bourguignon
Download or read book Macroeconomic Adjustment and Income Distribution written by François Bourguignon and published by . This book was released on 1989 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Income Distribution, Inflation, and Growth by : Lance Taylor
Download or read book Income Distribution, Inflation, and Growth written by Lance Taylor and published by MIT Press. This book was released on 1991 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structuralist macroeconomics has emerged recently as the only viable theoretical alternative for economists and practitioners in developing countries. Lance Taylor's innovative work represents a landmark in this field. It codifies a new generation of structuralist macroeconomic models that incorporate the economic power relationships of key institutions and groups, integrates both finance and real macroeconomics, and covers a diverse range of experience in the developing world over the past three decades. In an introduction Taylor explains his methodology, describes assumptions underlying the models used, and reviews theories that relate economic growth and the role of financial assets. He then takes up basic structuralist models of a closed economy and moves on to consider the open economy cases. He incorporates the latest developments in the field (inflation, financial crisis, exchange rate management, increasing returns, and the like) in a treatment that departs substantially from economic orthodoxy. Taylor first addresses the question of how to specify "closure" or define the causal structure of macro models. He also considers how income redistribution influences growth and output and how income redistribution interacts with inflation. Next, an investment-driven non-full employment growth model draws on ideas introduced earlier to illustrate how different sorts of macroeconomic policies affect short-run adjustment and growth prospects over time. Taylor then turns to the problems proposed by economic openness in a stylized semi-industrialized country, starting with international trade. A fix-price/flex-price model is developed, and additional models demonstrate cases of policy relevance as well as interactions between class conflict and growth.
Book Synopsis Income Distribution, Growth and Unemployment by : Ferri, Piero
Download or read book Income Distribution, Growth and Unemployment written by Ferri, Piero and published by Edward Elgar Publishing. This book was released on 2022-03-15 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Piero Ferri expertly broadens the analysis of the canonical growth cycle approach by presenting a Minsky–Harrod model, examining how the relationship between income distribution, growth and unemployment becomes increasingly complex. Exploring this new technique to generate a process of growth, based not only on history but disequilibrium, he investigates the current income distribution debate further and the challenges it faces.
Book Synopsis Income Distribution in Macroeconomic Models by : Giuseppe Bertola
Download or read book Income Distribution in Macroeconomic Models written by Giuseppe Bertola and published by Princeton University Press. This book was released on 2014-09-28 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Poverty and Income Distribution During Adjustment by : François Bourguignon
Download or read book Poverty and Income Distribution During Adjustment written by François Bourguignon and published by World Bank Publications. This book was released on 1991 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adjustment programs will fail when they do not recognize the interdependence of the three criteria of efficiency, welfare, and political feasibility. These programs must be tailored to both the political and economic environments of each country.
Book Synopsis Macroeconomic Adjustment with Major Structural Reforms by : Vito Tanzi
Download or read book Macroeconomic Adjustment with Major Structural Reforms written by Vito Tanzi and published by . This book was released on 1995 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Income Distribution and High-quality Growth by : Vito Tanzi
Download or read book Income Distribution and High-quality Growth written by Vito Tanzi and published by MIT Press. This book was released on 1998 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors argue that there need not be a trade-off between growth and equity in the long run. However, attempts by government to influence income distribution through large-scale tax and transfer programs can have a negative impact on growth. The contrast is vivid. While the majority of people in the industrial world and some in the developing world enjoy unprecedented affluence, a far greater number of people in the low-income countries live in abject poverty. Although several developing countries are achieving rapid economic growth and poverty reduction, most formerly centrally planned countries are struggling to implement market-oriented reforms in the midst of economic deterioration and rising poverty. The paramount importance of reducing poverty worldwide is forcing economists and policymakers to look at how income distribution and economic growth interact. The essays in this volume grew out of a 1995 conference sponsored by the International Monetary Fund. The contributors are scholars and policymakers from academic institutions, governments, and international organizations. The questions discussed include: How does income distribution interact with economic growth in the short run and the long run? To what extent can government use transfer programs to increase the incomes of the poor? How can government use social programs to help the poor increase their income-earning capacity? Does distributional inequality create an obstacle to long-term poverty reduction? Alternatively, is distributional inequality a necessary means of achieving economic growth? Generally, the contributors agree that there need not be a trade-off between growth and equity in the long run. However, attempts by government to influence income distribution through large-scale tax and transfer programs can have a negative impact on growth.
Book Synopsis How Macroeconomic Factors Affect Income Distribution by : Mr.Michael Sarel
Download or read book How Macroeconomic Factors Affect Income Distribution written by Mr.Michael Sarel and published by International Monetary Fund. This book was released on 1997-11-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study develops a cross-section empirical framework to examine the relationship between the macroeconomic environment and trends in income distribution. The macroeconomic variables that are found to be associated with an improvement in income distribution are higher growth rate, higher income level, higher investment rate, real depreciation (especially for low-income countries), and improvement in terms of trade. The estimated significant effects of growth, income, and investment provide evidence that policies designed to promote investment and growth are likely also to contribute to an improvement in income distribution.
Book Synopsis The Changing Distribution of Income in an Open U.S. Economy by : J.H. Bergstrand
Download or read book The Changing Distribution of Income in an Open U.S. Economy written by J.H. Bergstrand and published by Elsevier. This book was released on 2015-06-01 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: There have been dramatic changes in the distribution of earnings and income in the United States during recent years. This volume presents original papers, contributed by eminent economists, on the measurement and causes of growing income inequality in the U.S. and other major industrialized countries. The first part examines the definition of income, decomposition of earnings into capacity and capacity utilization rates, and alternative methodologies for estimating income and earnings dispersion. The second part investigates theoretically or empirically alternative causes of income inequality: international trade, macroeconomic conditions and policies, technological progress, productivity growth, institutions, demographic labor supply, and sectoral labor demand. In the final part of the volume policy implications and recommendations are discussed.The volume will be valuable for academic departments (economics, political science, sociology); economic policy institutes and Federal Reserve Bank research departments; economists in government.
Book Synopsis The Impact of Macroeconomic Policies on Poverty and Income Distribution by : François Bourguignon
Download or read book The Impact of Macroeconomic Policies on Poverty and Income Distribution written by François Bourguignon and published by World Bank Publications. This book was released on 2008-01-01 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: A companion to the bestseller, The Impact of Economic Policies on Poverty and Income Distribution, this title deals with theoretical challenges and cutting-edge macro-micro linkage models. The authors compare the predictive and analytical power of various macro-micro linkage techniques using the traditional RHG approach as a benchmark to evaluate standard policies, such as, a typical stabilization package and a typical structural reform policy.
Book Synopsis Macroeconomic Activity and Income Inequality in the United States by : Joseph H. Haslag
Download or read book Macroeconomic Activity and Income Inequality in the United States written by Joseph H. Haslag and published by JAI Press(NY). This book was released on 1989 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Income Distribution by : Fred Campano
Download or read book Income Distribution written by Fred Campano and published by Oxford University Press. This book was released on 2006-02-02 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Income Distribution' was written primarily as a textbook intended for undergraduate economics majors. Each chapter is logically connected with the preceding chapters, providing a general overview of income distribution and its applications.
