Series: IMF Working Papers
Author(s): Wai-Yip Alex Ho , and Chun-Yu Ho
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 06 July 2016
Keywords: Inflation, Borrowing Constraint, Adjustment Cost, Heterogeneous Agents, Wealth Distribution
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 gene...