新しいディスカッションペーパー

Innovation and Inequality in a Monetary Schumpeterian Model with Heterogeneous Households and Firms (with  Angus C. ChuGuido CozziHaichao Fan, and Chih-Hsing Liao), MPRA Paper 84711, February 2018.  

 

Abstract: 

This study develops a Schumpeterian growth model with heterogeneous households and heterogeneous firms to explore the effects of monetary policy on innovation and income inequality. Household heterogeneity arises from an unequal distribution of wealth. Firm heterogeneity arises from random quality improvements and a cost of entry. We find that under endogenous firm entry, inflation has inverted-U effects on economic growth and income inequality. We also calibrate the model for a quantitative analysis and find that the model is able to match the growth-maximizing inflation rate and the inequality-maximizing inflation rate that we estimate using cross-country panel data.

 

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2018年度春学期が始まります!

担当科目:マクロ経済学入門、経済数学I、経済成長論、入門ゼミ、演習II、演習III、経世済民の学び(一回分)、経済数学・代数(愛知大学)、経済数学・解析(愛知大学)、経済解析II(名古屋大学)。