Income Inequality and Current Account Imbalances /

This paper studies the empirical and theoretical link between increases in income inequality and increases in current account deficits. Cross-sectional econometric evidence shows that higher top income shares, and also financial liberalization, which is a common policy response to increases in incom...

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Autor principal: Ranciere, Romain
Altres autors: Kumhof, Michael, Lebarz, Claire, Throckmorton, Nathaniel
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2012.
Col·lecció:IMF Working Papers; Working Paper ; No. 2012/008
Accés en línia:Full text available on IMF