IDEAS home Printed from https://ideas.repec.org/a/gmf/journl/y2020i51p720.html
   My bibliography  Save this article

Modern Macroeconomics and Heterogeneity

Author

Listed:
  • Pedro Brinca

    (Nova School of Business and Economics)

Abstract

’Modern macroeconomics has evolved from focusing just on the dynamics of aggregates, such as income, consumption and savings, to the dynamics of the distributions that add up to those aggregates. This is a consequence of theoretical contributions and increasing data availability and computational power. Though contributions regarding heterogeneity in macroeconomics can be traced back to the first half of the 20th century, it is only by the 2010s that we evolved towards a framework where there is a rich interaction between macroeconomic aggregates and their distributions that goes both ways. This special edition focused on contributions that build on such framework to study open questions regarding the impact of fiscal shocks on output, the impact of investment -specific technological change on inequality, optimal tax structures, and the impact of the COVID -19 pandemic on the distribution of earnings.’

Suggested Citation

  • Pedro Brinca, 2020. "Modern Macroeconomics and Heterogeneity," Notas Económicas, Faculty of Economics, University of Coimbra, issue 51, pages 7-20, December.
    • Handle: RePEc:gmf:journl:y:2020:i:51:p:7:20
    DOI: 10.14195/2183-203X_51_1
    as

    Download full text from publisher

    File URL: https://impactum-journals.uc.pt/notaseconomicas/article/view/51_1/6929
    Download Restriction: no
    File URL: https://libkey.io/10.14195/2183-203X_51_1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sá, Diogo, 2022. "Liquidity constraints and fiscal multipliers," MPRA Paper 112132, University Library of Munich, Germany.
    2. Vaz de Castro, Afonso, 2022. "Risk Aversion and Recessive Impacts of Austerity," MPRA Paper 111875, University Library of Munich, Germany.
    3. Vedor, Bernardo, 2022. "Investment-Specific Technological Change and Universal Basic Income in the U.S," MPRA Paper 111675, University Library of Munich, Germany.

    More about this item

    Keywords

    Macroeconomics; heterogeneity; fiscal policy; optimal taxation; inequality; COVID -19 pandemic.;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gmf:journl:y:2020:i:51:p:7:20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sofia Antunes (email available below). General contact details of provider: https://edirc.repec.org/data/fecucpt.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.