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.
Download or read book Inflation Income Distribution and Economic Growth written by Diwakar Dwivedi and published by . This book was released on 2017 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
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.
Download or read book Income Distribution Inflation and Growth in the Medium Run written by Lance Taylor and published by . This book was released on 1979 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inflation and Income Distribution written by Mr.Ales Bulir and published by International Monetary Fund. This book was released on 1995-08-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the effects of inflation and associated financial instability on income distribution. Using both pooled cross country and single country time series models, the level of inflation, inflation variability, and the variability of the nominal exchange rate are shown to impact negatively on overall income equality. Looking at disaggregate measures of income distribution, the issue as to whether inflation is a progressive or regressive tax is found to be negatively correlated with the level of development and the sophistication of the financial structure. The paper argues that these results point towards financial variables as a partial way of rectifying the generally poor explanatory power of both cross-country and time series models of income distribution.
Download or read book Inflation Income Distribution and X Efficiency Theory written by Harvey Leibenstein and published by Taylor & Francis. This book was released on 2022-08-30 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1980, Inflation, Income Distribution and X-Efficiency Theory presents an exploratory theoretical study of the linkages between income distribution, the degree of X-efficiency, and inflation and the level of employment in the context of developing society. It discusses themes like concept of income distribution; maximization versus non-maximization models; theory of inert areas; microtheory and inflation; monopoly and X-Efficiency theory; contracts, bargaining and inflation; theory of bargaining; survival strategies in the face of inflation; and policy implications of inflation. This book is a must read for students and scholars of macroeconomics and economics in general.
Download or read book Income Distribution in Historical Perspective written by Y. S. Brenner and published by Cambridge University Press. This book was released on 1991-10-03 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume a distinguished team of international contributors consider some of the central long-term issues raised by the problem of income distribution. The Kuznets curve--i.e. the notion that income distribution became increasingly unequal during the period of industrialization, and progressively less unequal during the twentieth century--lies at the center of much of the analysis, and its relevance is discussed in a wide-ranging series of articles covering the British, Belgian, German, Australian, Austrian and American experiences. This volume is the first in many years to take such a broad, comparative approach to income distribution, and makes an important and authoritative contribution to an area of perennial debate.
Download or read book Inflation and Income Distribution in Capitalist Crisis written by J.A. Kregel and published by Springer. This book was released on 2016-01-06 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of essays based on the theories of Sidney Weintraub, economic theorist and policy-maker. They all touch on the main theme of crucial importance he accorded to inflation and income distribution in understanding the process of development of capitalism.
Download or read book Money Enterprise and Income Distribution written by and published by Routledge. This book was released on with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Income Distribution and Macroeconomic Performance in the United States written by Mr.Christopher M. Towe and published by International Monetary Fund. This book was released on 1996-08-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The factors underlying the rise in U.S. income inequality since the mid-1970s are examined. The results suggest that the trend increase in income inequality has not been related to macroeconomic developments, such as income growth or import penetration, but that the income distribution is sensitive to the cycle. Important factors that do help explain the widening of the income distribution include the increased investment in technology and the decline in the minimum wage. The rise in the share of single female-headed households, the increased proportion of households headed by someone over the age of 35, and the fall in the child-dependency ratio also help explain movements in income shares.
Download or read book Where Did the Productivity Growth Go written by Ian Dew-Becker and published by . This book was released on 2006 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: In addition to its micro analysis, this paper also asks whether faster productivity growth reduces inflation, raises nominal wage growth, or raises profits. We find that an acceleration or deceleration of the productivity growth trend alters the inflation rate by at least one-for-one in the opposite direction. This paper revives research on wage adjustment and produces a dynamic interactive model of price and wage adjustment that explains movements of labor's share of income.
Download or read book Wage Led Growth written by Engelbert Stockhammer and published by Springer. This book was released on 2013-12-03 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.
Download or read book Macroeconomic Inequality from Reagan to Trump written by Lance Taylor and published by Cambridge University Press. This book was released on 2020-08-20 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: An innovative approach to measuring inequality providing the first full integration of distributional and macro level data for the US.
Download or read book Income Inequality written by Mr.Ales Bulir and published by International Monetary Fund. This book was released on 1998-01-01 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper contributes to the income inequality literature that is based on the traditional Kuznets model. Price stability, financial deepening, level of development, state employment, and fiscal redistribution are found to enhance income equality in a given country. While the effect of price stability is uniform for all levels of GDP per capita, the effect of financial deepening is found to increase with the level of development. Moreover, tight monetary policies do not seem to have any austere effects; low inflation reinforces, rather than counteracts, the income-equalizing effect of fiscal redistribution.
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.
Download or read book Innocent Bystanders Monetary Policy and Inequality in the U S written by Mr.Olivier Coibion and published by International Monetary Fund. This book was released on 2012-08-01 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures. Furthermore, monetary shocks can account for a significant component of the historical cyclical variation in income and consumption inequality. Using detailed micro-level data on income and consumption, we document the different channels via which monetary policy shocks affect inequality, as well as how these channels depend on the nature of the change in monetary policy.
