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Increasing Inequality and Financial Fragility in an Agent Based Macroeconomic Model

Alberto Russo

出版	SSRN, 2013
URL	http://books.google.com.hk/books?id=ZgkYzwEACAAJ&hl=&source=gbs_api

註釋

The aim of this paper is to investigate the relationship between increasing inequality and financial fragility in an agent based macroeconomic model. We analyse the effects of a non-linear relationship between wealth and consumption on the evolution of the economic system. Preliminary results show that more inequality rises macroeconomic volatility, increasing the likelihood of observing large unemployment crises.