Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/273128 
Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
NBB Working Paper No. 424
Verlag: 
National Bank of Belgium, Brussels
Zusammenfassung: 
We investigate the contribution of the increase in German (DE) income inequality to the German export surplus increase and the decline of the natural rate of interest in the Euro Area in an open economy model with rich and non-rich households. Rich households have Capitalist Spirit type Preferences (CSP) over their wealth and thus save out of an increase in their permanent income. Simulating the increase in DE income inequality over the 1992-2016 period generates a decline of the EA natural rate of interest rate of about 1 p.p. and an increase of the DE net-export-to-GDP ratio of about 3 p.p..
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.36 MB





Publikationen in EconStor sind urheberrechtlich geschützt.