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...

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Autor principal: Ho, Wai-Yip Alex
Altres autors: Ho, Chun-Yu
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2016.
Col·lecció:IMF Working Papers; Working Paper ; No. 2016/132
Accés en línia:Full text available on IMF