文章基本信息

标题：Inequality Fragility Hypothesis
本地全文：下载
作者：Sebastian-Ilie DRAGOE
期刊名称：Expert Journal of Economics
印刷版ISSN：2359-7704
出版年度：2016
卷号：4
期号：2
页码：34-52
语种：English
出版社：Sprint Investify
摘要：The last four decades have been marked by growing inequality. The inequality of income and wealth is one of the most important macroeconomic issues of our time. Inequality contributed to Global Savings Glut and Global Financial Crisis through riskiness channel and a greater propensity to borrow for poor people. This paper presents evidence that besides structural factors, monetary policy, high leverage and the development of new money substitutes are critical in explaining the inequality trend in advanced countries. Increasing economic inequality acts as financial instability enhancer and if left untreated it poses a significant threat to economic sustainability.
关键词：debt; financial instability; inequality; wage share; wealth distribution