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Hétérogénéité et économie : inégalité et imperfections financières
Author(s) -
Xavier Ragot
Publication year - 2018
Publication title -
revue d économie financière
Language(s) - English
Resource type - Journals
eISSN - 1777-5744
pISSN - 0987-3368
DOI - 10.3917/ecofi.128.0109
Subject(s) - humanities , political science , philosophy
The main paradigm in macroeconomics is shifting towards heterogeneous agents models, which are able to account for inequalities and financial imperfections. This evolution comes from new policy questions after the financial crisis, but also from the availability of individual data, which allows a better connection between theories and data. Within these models, financial markets are incomplete and a concept of liquidity naturally arises. This article presents the recent results in this dynamic literature, as the analysis of the inequalities in the United States, the need for a world liquidity, the effect of the public debt on asset prices, or the extent of precautionary saving of households. Classification JEL: E21, E44, D91, D31.

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