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Macroeconomic Volatility and Income Inequality in a Stochastically Growing Economy

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  • Cecilia Garcia-Penalosa
  • Stephen Turnovsky

Abstract

Economic Growth and Distribution isolates and compares the logical structures and methodological underpinnings underlying the relationship between economic growth and distribution. It carries out an in-depth analysis of a wide range of issues connected with growth theory considered from different theoretical perspectives. Its uniqueness is derived from the original contributions by a number of scholars of different persuasions; some within the mainstream and others from Keynesian–Kaleckian–Sraffian positions. The book deals with a wide variety of research topics concerning economic growth and distribution, such as the transition from the epoch of Malthusian stagnation to the contemporary era of modern economic growth; comparisons among the classical tradition, modern theory, and heterodox models; problems of policy; dynamics and business cycles; and the role of institutions.
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Suggested Citation

  • Cecilia Garcia-Penalosa & Stephen Turnovsky, 2003. "Macroeconomic Volatility and Income Inequality in a Stochastically Growing Economy," Working Papers UWEC-2004-06-P, University of Washington, Department of Economics.
    • Handle: RePEc:udb:wpaper:uwec-2004-06-p
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    File URL: http://www.econ.washington.edu/user/sturn/Garcia-Turnovsky-NERI.pdf
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    Cited by:

    1. Koehler-Geib,Fritzi & Hnatkovska,Viktoria, 2015. "Business cycles accounting for Paraguay," Policy Research Working Paper Series 7284, The World Bank.

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