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...

Full description

Bibliographic Details
Main Author: Ranciere, Romain
Other Authors: Kumhof, Michael, Lebarz, Claire, Throckmorton, Nathaniel
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2012.
Series:IMF Working Papers; Working Paper ; No. 2012/008
Online Access:Full text available on IMF