Inequality and Finance in Macrodynamics

This contributed volume combines approaches of the current inequality debate with aspects of finance based on profound macroeconomic model analyses. Research on inequality has had a long tradition in economics. With the financial crisis from 2007, not only output decreased tremendously, but also inequality has risen since then. The book presents selected contributions of a workshop held at Bielefeld University in 2016 and features additional papers written by experts in the field. A mixture of established researchers and young scholars presents both theoretical and empirical frameworks to analyze the subject.

Contributes to the inequality discussion, a current and up-to-date topic in economics and also in the political and social debate Highlights the effects of the financial crisis of 2007 on the distribution in economies Presents theoretical models and empirical approaches

Inhalt

Inequality in Germany and the US: An Introductory Note.- Assessing Public Spending Efficiency in 20 OECD Countries.- Government Debt, Fiscal Rules and Singular Growth Dynamics.- Financial Liberalization, Inequality and Inclusion in Low-Income Countries.- On (Non-)-Neutrality of Public Debt in Growing Economies.- Financial Intermediation and Directed Technical Change.- Sustainability of Public Debt in an AK Model with Complex Tax System.- Demographic Change and the Rates of Return to Risky Capital and Safe Debt.- Financing Sustainable Growth through Energy Exports and Implications for Human Capital Investment.- Macroeconomic Risk, Fiscal Policy Rules and Aggregate Volatility in Asymmetric Currency Unions: A Behavioral Perspective.- Asset Accumulation with Heterogeneous Households the Rise of Wealth Disparity.