| Grant number: | 16/18755-6 |
| Support Opportunities: | Scholarships in Brazil - Master |
| Start date: | January 01, 2017 |
| End date: | August 01, 2018 |
| Field of knowledge: | Applied Social Sciences - Economics - Economic Theory |
| Agreement: | Coordination of Improvement of Higher Education Personnel (CAPES) |
| Principal Investigator: | Laura Barbosa de Carvalho |
| Grantee: | Eduardo Lederman Rawet |
| Host Institution: | Faculdade de Economia, Administração e Contabilidade (FEA). Universidade de São Paulo (USP). São Paulo , SP, Brazil |
| Associated scholarship(s): | 17/14763-7 - Effects of wealth distribution on economic activity: extensions to a baseline model, BE.EP.MS |
Abstract This study proposes a model based on three literatures: neo-Kaleckian, Stock-Flow-Consist and wealth concentration models. Our objective is to understand the relation between income inequality, distribution of wealth and demand-side economic growth. As a first step, a basic model will be presented, with three classes (unskilled and skilled workers, and capitalists) and currency and bond wealth. This model has an analytical solution, and it will analyze the effects of wage, interest rate and marginal propensity to consume chocks on macroeconomic and distributive variables. An extended model, computationally solvable, which includes government, a central bank, commercial banks, credit, and multiple assets, will evaluate the impact of fiscal policy, tributary systems (on wealth, dividends, progressive taxation), cash transfers, minimum wage, and also effects of monetary policies, on the distribution of wealth and economic growth. The parameters for the computational solution will be obtained using Brazilian empirical data. (AU) | |
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