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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What's new?

2019年7月: 「新しいモノ好きな国民性」が経済の研究活動に与える影響に関する実証論文が Applied Economics Letters にアクセプトされました:

Novelty-Seeking Traits and Applied Research Activities," Tat-kei Lai and Kenji Sato との共著です。

2019年9月9日・10日: 

10th International Conference "Economics of Global Interactions" (バーリ、イタリア) にて "Is Income Inequality Always the Fellow Traveler of Average Consumption Growth? A Demand-Side Story (with Martine Carre)" を報告する予定です。