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Inequality and aggregate demand

In: Aggregate Demand, Inequality and Instability

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Abstract

This chapter discusses the role that inequality can have on aggregate demand in a static environment. The literature distinguishes between wage-led and profit-led models where the concept of inequality can be included. In the present model, wealth is also considered. Furthermore, the necessity of referring to a dynamic analysis where income distribution and inequality are endogenous variables is put forward.

Suggested Citation

  • ., 2016. "Inequality and aggregate demand," Chapters, in: Aggregate Demand, Inequality and Instability, chapter 4, pages 33-42, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17444_4
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    File URL: https://www.elgaronline.com/view/9781786433046.00009.xml
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    Cited by:

    1. Bilbiie, Florin & Monacelli, Tommas & Perotti, Roberto, 2020. "Stabilization vs. Redistribution: the Optimal Monetary-Fiscal Mix," CEPR Discussion Papers 15199, C.E.P.R. Discussion Papers.
    2. Marx, Magali & Mojon, Benoît & Velde, François R., 2021. "Why have interest rates fallen far below the return on capital?," Journal of Monetary Economics, Elsevier, vol. 124(S), pages 57-76.
    3. Atanas Pekanov, 2018. "The New View on Fiscal Policy and its Implications for the European Monetary Union," WIFO Working Papers 562, WIFO.
    4. Bilbiie, Florin O. & Monacelli, Tommaso & Perotti, Roberto, 2024. "Stabilization vs. Redistribution: The optimal monetary–fiscal mix," Journal of Monetary Economics, Elsevier, vol. 147(S).
    5. Glick, Reuven, 2020. "r* and the global economy," Journal of International Money and Finance, Elsevier, vol. 102(C).
    6. Drudi, Francesco & Moench, Emanuel & Holthausen, Cornelia & Weber, Pierre-François & Ferrucci, Gianluigi & Setzer, Ralph & Adao, Bernardino & Dées, Stéphane & Alogoskoufis, Spyros & Téllez, Mar Delgad, 2021. "Climate change and monetary policy in the euro area," Occasional Paper Series 271, European Central Bank.
    7. Balamatsias, Pavlos, 2018. "Democracy and government spending," MPRA Paper 84975, University Library of Munich, Germany.

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    Keywords

    Economics and Finance;

    Statistics

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