Revisiting global imbalances: A comparative analysis of income and consumption inequality

Abstract

This article presents a simple model that reveals the reverse relation of the ratio of current account balance to inequality in income and consumption. Consumption smoothing schemes have been aggregated, among which the linchpin is a policy intervention that mitigates the worsening consumption inequality problem. However, in the long run, short-sighted policies could have a corresponding impact on current accounts.

Document Type

Journal Article

Date of Publication

2022

Publication Title

Economics & Politics

Publisher

Wiley

School

School of Business and Law

RAS ID

39834

Funders

University of Macau

Comments

Sheng, L., & Zhang, Z. (2022). Revisiting global imbalances: A comparative analysis of income and consumption inequality. Economics & Politics, 34(2), 382-390. https://doi.org/10.1111/ecpo.12202

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Link to publisher version (DOI)

10.1111/ecpo.12202