Macroeconomic Inequality from Reagan to Trump. Market Power, Wage Repression, Asset Price Inflation, and Industrial Decline, by LanceTaylor with ÖzlemÖmer (Cambridge University Press), pp. xii + 132.

2021 ◽  
Vol 97 (318) ◽  
pp. 450-453
Author(s):  
John Komlos
Keyword(s):  
Market Power ◽  
Asset Price ◽  
Price Inflation ◽  
Cambridge University ◽  
Industrial Decline ◽  
Asset Price Inflation

Asset Price Inflation in the 1980s: A Flow of Funds Perspective

1993 ◽  
Author(s):  
Monica Hargraves ◽  
Garry J. Schinasi ◽  
Steven R. Weisbrod
Keyword(s):  
Asset Price ◽  
Price Inflation ◽  
Flow Of Funds ◽  
Asset Price Inflation

A decade of speculation

2018 ◽  
Vol 29 (4) ◽  
pp. 410-427 ◽  
Author(s):  
CP Chandrasekhar ◽  
Jayati Ghosh
Keyword(s):  
Financial Institutions ◽  
Global Financial Crisis ◽  
Asset Price ◽  
Wealth Inequality ◽  
Quantitative Easing ◽  
Price Inflation ◽  
Developed Country ◽  
Jel Codes ◽  
The World ◽  
Asset Price Inflation

The power of finance ensured that, other than for an initial fiscal push to salvage financial institutions, monetary measures in the form of quantitative easing, involving the infusion of large volumes of cheap liquidity, were the principal response to the 2008 global financial crisis. The effects of the generalised and prolonged dependence on such measures have been a substantial increase in vulnerability, at the centre of which is a huge build-up of private – especially corporate – debt, and unwarranted and unsustainable asset price inflation in both developed country and ‘emerging economy’ markets. A consequence of these processes is a massive increase in income and wealth inequality across the world, which limits the level of effective demand and growth. JEL Codes: E44, E52, E58, G01, G15

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