Wealth inequality, preference heterogeneity and macroeconomic volatility in two-sector economies

DOI10.1016/J.JET.2006.05.008MaRDI QIDQ996384zbMATH OpenOpenAlexFDO

Authors Christian Ghiglino, Alain Venditti

Publication date 14 September 2007

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2006.05.008

zbMATH Keywords

heterogeneityincome inequalitymacroeconomic volatilityendogenous fluctuations

Mathematics Subject Classification ID

Economic growth models (91B62) Multisectoral models in economics (91B66)

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Cites work

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• Period Three Implies Heavy Discounting
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• Sources of complex dynamics in two-sector growth models
• Stability of Equilibrium in Dynamic Models of Capital Theory
• Wealth inequality and asset pricing
• Wealth inequality and dynamic stability

Cited in

(7)

• Destabilization effect of international trade in a perfect foresight dynamic general equilibrium model
• Dualism and Macroeconomic Volatility
• Can heterogeneous preferences stabilize endogenous fluctuations?
• Wealth inequality and dynamic stability
• Wealth inequality under ``keeping up with the Joneses preferences
• Wealth distribution and output fluctuations
• Markets and jungles

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