Kumhof, Michael, Lebarz, Claire, Ranciere, Romain, Richter, Alexander , & Throckmorton, Nathaniel.
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 also financial liberalization, which is a common policy response to increases in income inequality, are associated with substantially larger external deficits.
Πηγή: IMF