Description: A remedy for the gap between micro and macro data, making measures of inequality and national income consistent with each otherIncreasing inequality, the impact of globalization, and the disparate effects of financial regulation and innovation are extraordinarily important topics that fuel spirited policy debates. And yet the facts underlying these debates are of doubtful accuracy. In reality, as Archawa Paweenawat and Robert Townsend show in Inequality and Globalization, there is a large gap between micro household surveys, which measure key outcomes such as inequality, and aggregated financial accounts, which measure macroeconomic totals and growth. Paweenawat and Townsend propose a remedy: integrated financial accounts, in which the flows in income statements, including saving and investment, are consistent with the changes in financial assets and liabilities in the balance sheet at micro and macro levels. None of the leading US micro household surveys or macro accounts meets this criterion.
Price: 35 USD
Location: Madison, Wisconsin
End Time: 2024-11-14T19:01:44.000Z
Shipping Cost: 4 USD
Product Images
Item Specifics
All returns accepted: ReturnsNotAccepted
Subject Area: Business & Economics
Publication Name: Inequality and Globalization: Improving Measurement through Integ
Publisher: Princeton University Press
Item Length: 9.6 in
Subject: Globalization, Finance / General, General, Economics / General
Publication Year: 2024
Series: The Gorman Lectures in Economics Ser.
Type: Textbook
Format: Hardcover
Language: English
Item Height: 1.1 in
Author: Archawa Paweenawat, Robert M. Townsend
Item Weight: 19.3 Oz
Item Width: 6.5 in
Number of Pages: 219 Pages
