Inequality and Finance in Macrodynamics
by Bettina Bökemeier (Editor), Alfred Greiner (Editor)

About the Author
Alfred Greiner is Professor of Economics at Bielefeld University, in Bielefeld, Germany.

About this book
This contributed volume combines approaches of the current inequality debate with aspects of finance based on profound macroeconomic model analyses. Research on inequality has had a long tradition in economics. With the financial crisis from 2007, not only output decreased tremendously, but also inequality has risen since then. The book presents selected contributions of a workshop held at Bielefeld University in 2016 and features additional papers written by experts in the field. A mixture of established researchers and young scholars presents both theoretical and empirical frameworks to analyze the subject.

Brief contents

• Inequality in Germany and the US: An Introductory Note 1
• Assessing Public Spending Efficiency in 20 OECD Countries 7
• Government Debt, Fiscal Rules and Singular Growth Dynamics 43
• Financial Liberalization, Inequality and Inclusion in Low-Income Countries 75
• On (Non-)Neutrality of Public Debt in Growing Economies 97
• Financial Intermediation and Directed Technical Change 121
• Sustainability of Public Debt in an AK Model with Complex Tax System 159
• Demographic Change and the Rates of Return to Risky Capital and Safe Debt 177
• Financing Sustainable Growth Through Energy Exports and Implications for Human Capital Investment. 191
• Macroeconomic Risk, Fiscal Policy Rules and Aggregate Volatility in Asymmetric Currency Unions: A Behavioral Perspective 221
• Asset Accumulation with Heterogeneous Households: The Rise ofWealth Disparity 243
  

Series: Dynamic Modeling and Econometrics in Economics and Finance (Book 23)
Pages: 270 pages
Publisher: Springer; 1st ed. 2017 edition (April 28, 2017)
Language: English
ISBN-10: 9783319546896
ISBN-13: 978-3319546896