Inflation, financial developments, and wealth distribution /

Saved in:
Bibliographic Details
Author / Creator:Ho, Wai-Yip Alex, author, (IMF staff)
Imprint:[Washington, D.C.] : International Monetary Fund, [2016]
©2016
Description:1 online resource (51 pages) : color illustrations
Language:English
Series:IMF working paper ; WP/16/132
IMF working paper ; WP/16/132.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12507513
Hidden Bibliographic Details
Other authors / contributors:Ho, Chun-Yu, author.
International Monetary Fund, publisher.
International Monetary Fund. Institute for Capacity Development, issuing body.
ISBN:9781498352826
1498352820
Notes:"July 2016."
At head of title: Institute for Capacity Development.
Includes bibliographical references (pages 48-50).
Online resource; title from pdf title page (IMF.org Web site, viewed September 9, 2016).
Summary:We find that from 1995 to 2002 in China, the dispersion of wealth decreased, the moneywealth ratio increased for all wealth levels and the aggregate money-output ratio increased. We develop a two-asset dynamic general equilibrium model in which households face a portfolio adjustment cost and a borrowing constraint. We find that financial development lowers the dispersion of wealth by reducing the precautionary motive of households. In addition, tight monetary policies increase the value of money and thus increase the moneywealth ratio for all wealth levels and the aggregate money-output ratio.
Other form:Print Version: Ho, Wai-Yip Alex. Inflation, Financial Developments, and Wealth Distribution. Washington, D.C. : International Monetary Fund,2016 9781498352826
Standard no.:10.5089/9781498352826.001

MARC

LEADER 00000cam a2200000Ii 4500
001 12507513
006 m o d i
007 cr |||||||||||
008 160909t20162016dcua ob i000 0 eng d
005 20240822222009.1
020 |a 9781498352826 
020 |a 1498352820 
024 7 |a 10.5089/9781498352826.001  |2 doi 
035 9 |a (OCLCCM-CC)958163393 
035 |a (OCoLC)958163393 
040 |a DJB  |b eng  |e rda  |e pn  |c DJB  |d EBLCP  |d OCLCF  |d IDEBK  |d IDB  |d CUS  |d UWO  |d OTZ  |d OCLCQ  |d MERUC  |d OCLCQ  |d WRM  |d CEF  |d OCLCQ  |d SFB  |d OCLCO 
043 |a a-cc--- 
049 |a MAIN 
050 4 |a HG3881.5.I58  |b W67 No. 16/132eb 
100 1 |a Ho, Wai-Yip Alex,  |e author,  |e (IMF staff)  |0 http://id.loc.gov/authorities/names/no2013009753 
245 1 0 |a Inflation, financial developments, and wealth distribution /  |c prepared by Wai-Yip Alex Ho and Chun-Yu Ho. 
264 1 |a [Washington, D.C.] :  |b International Monetary Fund,  |c [2016] 
264 4 |c ©2016 
300 |a 1 online resource (51 pages) :  |b color illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/16/132 
500 |a "July 2016." 
500 |a At head of title: Institute for Capacity Development. 
504 |a Includes bibliographical references (pages 48-50). 
520 3 |a We find that from 1995 to 2002 in China, the dispersion of wealth decreased, the moneywealth ratio increased for all wealth levels and the aggregate money-output ratio increased. We develop a two-asset dynamic general equilibrium model in which households face a portfolio adjustment cost and a borrowing constraint. We find that financial development lowers the dispersion of wealth by reducing the precautionary motive of households. In addition, tight monetary policies increase the value of money and thus increase the moneywealth ratio for all wealth levels and the aggregate money-output ratio. 
588 0 |a Online resource; title from pdf title page (IMF.org Web site, viewed September 9, 2016). 
650 0 |a Income distribution  |z China.  |0 http://id.loc.gov/authorities/subjects/sh85064768 
650 0 |a Wealth  |z China. 
650 0 |a Income  |z China. 
650 0 |a Monetary policy  |z China. 
650 6 |a Richesse  |z Chine. 
650 6 |a Revenu  |z Chine. 
650 6 |a Politique monétaire  |z Chine. 
650 7 |a Income.  |2 fast  |0 (OCoLC)fst00968635 
650 7 |a Income distribution.  |2 fast  |0 (OCoLC)fst00968670 
650 7 |a Monetary policy.  |2 fast  |0 (OCoLC)fst01025230 
650 7 |a Wealth.  |2 fast  |0 (OCoLC)fst01172973 
651 7 |a China.  |2 fast  |0 (OCoLC)fst01206073 
655 4 |a Electronic books. 
700 1 |a Ho, Chun-Yu,  |e author.  |0 http://id.loc.gov/authorities/names/no2016121484 
710 2 |a International Monetary Fund,  |e publisher.  |0 http://id.loc.gov/authorities/names/n81052755 
710 2 |a International Monetary Fund.  |b Institute for Capacity Development,  |e issuing body.  |0 http://id.loc.gov/authorities/names/no2012075144 
776 0 8 |i Print Version:  |a Ho, Wai-Yip Alex.  |t Inflation, Financial Developments, and Wealth Distribution.  |d Washington, D.C. : International Monetary Fund,2016  |z 9781498352826 
830 0 |a IMF working paper ;  |v WP/16/132.  |0 http://id.loc.gov/authorities/names/no89010263 
856 4 0 |u http://elibrary.imf.org/view/journals/001/2016/132/001.2016.issue-132-en.xml  |y INTERNATIONAL MONETARY FUND 
929 |a oclccm 
999 f f |i d1f86f44-f45a-5719-8115-d5c9345b4175  |s bb898c22-aea1-5e9a-bf79-d085ee1efc05 
928 |t Library of Congress classification  |a HG3881.5.I58W67 No. 16/132eb  |l Online  |c UC-FullText  |u http://elibrary.imf.org/view/journals/001/2016/132/001.2016.issue-132-en.xml  |z INTERNATIONAL MONETARY FUND  |g ebooks  |i 12151950