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Revisiting global imbalances: A comparative analysis of income and consumption inequality

Revisiting global imbalances: A comparative analysis of income and consumption inequality This article presents a simple model that reveals the reverse relation of the ratio of current account balance to inequality in income and consumption. Consumption smoothing schemes have been aggregated, among which the linchpin is a policy intervention that mitigates the worsening consumption inequality problem. However, in the long run, short‐sighted policies could have a corresponding impact on current accounts. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Economics & Politics Wiley

Revisiting global imbalances: A comparative analysis of income and consumption inequality

Economics & Politics , Volume 34 (2) – Jul 1, 2022

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References (25)

Publisher
Wiley
Copyright
Copyright © 2022 John Wiley & Sons Ltd.
ISSN
0954-1985
eISSN
1468-0343
DOI
10.1111/ecpo.12202
Publisher site
See Article on Publisher Site

Abstract

This article presents a simple model that reveals the reverse relation of the ratio of current account balance to inequality in income and consumption. Consumption smoothing schemes have been aggregated, among which the linchpin is a policy intervention that mitigates the worsening consumption inequality problem. However, in the long run, short‐sighted policies could have a corresponding impact on current accounts.

Journal

Economics & PoliticsWiley

Published: Jul 1, 2022

Keywords: China; financial globalization; inequality; United States

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