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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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Dettagli Bibliografici
Pubblicato in:J Monet Econ
Autori principali: Cantore, Cristiano, Freund, Lukas B.
Natura: Artigo
Lingua:Inglês
Pubblicazione: North-Holland Pub. Co 2021
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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