Series: IMF Working Papers
Author(s): Romain Ranciere , Nathaniel Throckmorton , Michael Kumhof , Claire Lebarz , and Alexander Richter
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2012
Keywords: Current account imbalances, income inequality; financial liberalization., current account, current account deficit, private credit, current account balance, Income Inequality and Current Account Imbalances, Financial Liberalization,
This paper studies the empirical and theoretical link between increases in income inequality and increases in current account deficits. Cross-sectional econometric evidence shows that higher top income shares, and...