| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1908 |
| DP1908 Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory | |
| Mark Gertler; Richard Clarida; Jordi Gali | |
| 发表日期 | 1998-06-30 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | This paper analyses the impact of inequality on growth when technical progress is driven by innovations. It is assumed that consumers have hierarchic preferences. As a result inequality affects demand and therefore the incentive to innovate. Whether more inequality is harmful or beneficial for growth depends on the initial distribution. Complementarities between a technical and a pecuniary externality resulting from the innovation process may generate multiple equilibria. Redistribution may push an economy trapped in underdevelopment to a high-growth regime. |
| 主题 | International Macroeconomics |
| 关键词 | Growth Hierarchic demand Inequality Innovation |
| URL | https://cepr.org/publications/dp1908 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531044 |
| 推荐引用方式 GB/T 7714 | Mark Gertler,Richard Clarida,Jordi Gali. DP1908 Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory. 1998. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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