Workers, Capitalists, and the Government: Fiscal Policy and Income (Re)Distribution

C. Cantore, L. B. Freund, Apollo-University Of Cambridge Repository
We propose a novel two-agent New Keynesian model to study the interaction of fiscal policy and household heterogeneity in a tractable environment. Workers can save in bonds subject to portfolio adjustment costs; firm ownership is concentrated among capita
doi:10.17863/cam.61857 fatcat:az3oaxq5kjgf7kkac7cztpchnm