Aggregate Demand, Inequality and Instability

Piero Ferri

in Books from Edward Elgar Publishing

Abstract: This book studies the relationships between aggregate demand, inequality and instability. It extends the traditional approach by introducing wealth and inequality into a dynamic macroeconomic model. Furthermore, it examines the role that debt and financial instability can play in turbulent times such as the Great Recession and its aftermath. Unlike Piketty, the author analyses the relationships between instability and inequality, and the feedbacks from the latter to the former, in a system approach where real and monetary factors interact to generate complex patterns.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2016
ISBN: 9781786433046
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Citations: View citations in EconPapers (5)

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Chapters in this book:

Ch 1 Introduction , pp 1-10

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Ch 2 Piketty’s contribution , pp 13-24

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Ch 3 Measurement , pp 25-32

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Ch 4 Inequality and aggregate demand , pp 33-42

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Ch 5 Aggregate demand, growth and instability , pp 45-52

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Ch 6 Wealth, public debt and instability , pp 53-65

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Ch 7 Recursive workhorses , pp 66-74

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Ch 8 Rent, wealth and bubbles , pp 77-92

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Ch 9 A model with heterogeneous supply , pp 93-102

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Ch 10 Wealth and capital gains in financial markets , pp 103-112

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Ch 11 Inequality and the financial instability hypothesis , pp 115-128

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Ch 12 Instability in a regime-switching model , pp 129-136

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Ch 13 A summary , pp 139-146

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Ch 14 The challenges , pp 147-153

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