Theorizing About Global Imbalances: An Inequality Perspective

• Autorzy: Yechang Yin , Li Sheng
• Języki publikacji: EN

Abstrakty

EN

Current account imbalances, now manifested as intensified trade wars between countries, have recently received much attention from researchers. This article reviewed this global issue from a new perspective complementary to the existing research. The study proposed a simple economic model and discovered that the current account balance is inversely proportional to the ratio of income to consumption inequality. This ratio combines all consumption smoothing schemes that depend on political interventions that can alleviate increases in income inequality. In the long run, however, current accounts could be consequently affected by a short-sighted policy.(original abstract)

Słowa kluczowe

EN

Income inequalities; Social manipulation; Economic models

PL

Nierówności dochodowe; Manipulacja społeczna; Modele ekonomiczne

• Czasopismo: Argumenta Oeconomica
• Rocznik: 2021
• Numer: nr 1 (46)
• Strony: 169--181

Twórcy

autor

Yechang Yin

• University of Macau, China

autor

Li Sheng

• University of Macau, China

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Identyfikatory

DOI

10.15611/aoe.2021.1.08