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Inequality and Aggregate Demand

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NBER2018-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24280
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We explore the transmission mechanism of income inequality to output. In the short run, higher inequality reduces output because marginal propensities to consume are negatively correlated with incomes, but this effect is quantitatively small in the data and in our model. In the long run, the output
创建时间:
2018-02-01
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