Inflation, Financial Developments, and Wealth Distribution /
We find that from 1995 to 2002 in China, the dispersion of wealth decreased, the moneywealth ratio increased for all wealth levels and the aggregate money-output ratio increased. We develop a two-asset dynamic general equilibrium model in which households face a portfolio adjustment cost and a borro...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2016.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2016/132 |
| Онлайн доступ: | Full text available on IMF |