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Workers, capitalists, and the government: fiscal policy and income (re)distribution
We propose a novel two-agent New Keynesian model to study the interaction of fiscal policy and household heterogeneity in a tractable environment. Workers can save in bonds subject to portfolio adjustment costs; firm ownership is concentrated among capitalists who do not supply labor. The model is c...
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| Pubblicato in: | J Monet Econ |
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| Autori principali: | , |
| Natura: | Artigo |
| Lingua: | Inglês |
| Pubblicazione: |
North-Holland Pub. Co
2021
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| Soggetti: | |
| Accesso online: | https://ncbi.nlm.nih.gov/pmc/articles/PMC8100925/ https://ncbi.nlm.nih.gov/pubmed/33994650 https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1016/j.jmoneco.2021.01.004 |
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