04404nam 2200733 450 991081581850332120200520144314.01-4008-6509-310.1515/9781400865093(CKB)3710000000199187(EBL)1765129(OCoLC)887507661(SSID)ssj0001290992(PQKBManifestationID)11949788(PQKBTitleCode)TC0001290992(PQKBWorkID)11265192(PQKB)11584218(OCoLC)884725780(MdBmJHUP)muse41512(DE-B1597)447692(OCoLC)1013966450(OCoLC)922667346(DE-B1597)9781400865093(Au-PeEL)EBL1765129(CaPaEBR)ebr10894656(CaONFJC)MIL629659(MiAaPQ)EBC1765129(EXLCZ)99371000000019918720140722h20062006 uy 0engurcnu||||||||txtccrIncome distribution in macroeconomic models /Giuseppe Bertola, Reto Foellmi, Josef ZweimüllerCourse BookPrinceton, New Jersey :Princeton University Press,2006.©20061 online resource (440 p.)Description based upon print version of record.0-691-12171-0 0-691-16459-2 Includes bibliographical references and index.Front matter --Contents --Introduction --Part One. Aggregate Growth and Individual Savings --CHAPTER ONE. Production and Distribution of Income in a Market Economy --CHAPTER TWO. Exogenous Savings Propensities --CHAPTER THREE. Optimal Savings --CHAPTER FOUR. Factor Income Distribution --CHAPTER FIVE. Savings and Distribution with Finite Horizons --CHAPTER SIX. Factor Shares and Taxation in the OLG Model --Part Two. Financial Market Imperfections --CHAPTER SEVEN. Investment Opportunities and the Allocation of Savings --CHAPTER EIGHT. Risk and Financial Markets --CHAPTER NINE. Uninsurable Income Shocks --Part Three. Many Goods --CHAPTER TEN. Distribution and Market Power --CHAPTER ELEVEN. Indivisible Goods and the Composition of Demand --CHAPTER TWELVE. Hierarchic Preferences --CHAPTER THIRTEEN. Dynamic Interactions of Demand and Supply --Solutions to Exercises --References --IndexThis 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 1990's 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.Income distributionEconometric modelsEconomic developmentEconometric modelsWealthEconometric modelsEqualityEconometric modelsIncome distributionEconometric models.Economic developmentEconometric models.WealthEconometric models.EqualityEconometric models.339.2/01/51Bertola Giuseppe122619Foellmi RetoZweimüller JosefMiAaPQMiAaPQMiAaPQBOOK9910815818503321Income distribution in macroeconomic models3923939UNINA