CORDIS Project
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This project investigates the relationship between inequality and macroeconomic factors, focusing on consumption, income, and wealth. By analyzing detailed microdata, it aims to enhance understanding of how inequality influences economic policies and aggregates, ultimately informing better fiscal and monetary strategie…
This project will contribute toward a better understanding of inequality and its macroeconomic implications.
We will study inequality and its dynamics along three dimensions:
Consumption, Income and Wealth, “3D Inequality.” With novel microdata we can measure the entirety of the economy down to the single household along the 3 dimensions.
In macroeconomics, much theoretical progress has been made in understanding when distributions matter for aggregates.
Newer heterogeneous agent models deliver…
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