{"product_id":"income-distribution-in-macroeconomic-models-9780691121710","title":"Income Distribution in Macroeconomic Models","description":"\u003cp\u003e • Author(s): Giuseppe Bertola | Reto Foellmi | Josef Zweimüller\u003cbr\u003e • Publisher: Princeton University Press\u003cbr\u003e • Publisher Imprint: Princeton University Press\u003cbr\u003e • BISAC: Economics - Macroeconomics\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.","brand":"Princeton University Press","offers":[{"title":"Hardcover","offer_id":46892025217175,"sku":"9780691121710","price":13113.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9780691121710.webp?v=1770278237","url":"https:\/\/atlanticbooks.com\/products\/income-distribution-in-macroeconomic-models-9780691121710","provider":"Atlantic Books","version":"1.0","type":"link"}