Income and Wealth Heterogeneity in the Macroeconomic
How do movements in the distribution of income and wealth affect the macroeconomy? We analyze this question theoretically, using numerical methods, in the context of a calibrated version of the stochastic growth model with partially uninsurable idiosyncratic risk and movements in aggregate productivity.
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| Length: | 31 pages |
| Date of creation: | 1995 |
| Date of revision: | |
| Handle: | RePEc:roc:rocher:399 |
| Contact details of provider: | Postal:
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