The goal of this chapter is to study how, and by how much, household income, wealth, and
preference heterogeneity amplify and propagate a macroeconomic shock. We focus on the …

Wealth inequality research is fragmented across different social science disciplines. This
article explores the potential of interdisciplinary perspectives by investigating the thematic …

We study the consumption response to unexpected transitory income gains of different size,
using hypothetical questions from the Italian Survey of Household Income and Wealth …

How big are the welfare losses from severe economic downturns, such as the US Great
Recession? How are those losses distributed across the population? In this paper we …

Many studies of wealth inequality make the ergodic hypothesis that rescaled wealth
converges rapidly to a stationary distribution. Changes in distribution are expressed through …

Abstract In his 2014 book, Thomas Piketty argues that wealth inequality is sharply increasing
in rg and refers to r> g as 'the central contradiction of capitalist economics', where r is asset …

Growing inequality in modern capitalist economies is a major problem. Throughout human
history, compulsory giving (taxation) and voluntary giving (almsgiving) have been utilised to …

This book bridges the gap between undergraduate textbooks using graphs, and graduate
level texts that focus on a single theoretical framework. The text presents a range of models …

This book bridges the gap between undergraduate textbooks using graphs, and graduate
level texts that focus on a single theoretical framework. The text presents a range of models …

Esta tese de doutorado apresentada à Universidade de Brasília consiste na construção de
um modelo Dinâmico de Equilíbrio Geral e Estocástico (DSGE) para analisar os efeitos da …