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Growth effects of spatial redistribution policies

✍ Scribed by Calin Arcalean; Gerhard Glomm; Ioana Schiopu


Book ID
113700511
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
467 KB
Volume
36
Category
Article
ISSN
0165-1889

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This paper examines the redistributive role of expansionary monetary policies. For this purpose a physical environment with heterogeneous agents is described to emphasize two frictions. One is a within-market friction that agents cannot borrow within each market; the other is a cross-market friction