Inflation, Financial Developments, and Wealth Distribution /
We find that from 1995 to 2002 in China, the dispersion of wealth decreased, the moneywealth ratio increased for all wealth levels and the aggregate money-output ratio increased. We develop a two-asset dynamic general equilibrium model in which households face a portfolio adjustment cost and a borro...
1. autor: | |
---|---|
Kolejni autorzy: | |
Format: | Czasopismo |
Język: | English |
Wydane: |
Washington, D.C. :
International Monetary Fund,
2016.
|
Seria: | IMF Working Papers; Working Paper ;
No. 2016/132 |
Dostęp online: | Full text available on IMF |