Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
- Discipline
Articles 1 - 2 of 2
Full-Text Articles in Social and Behavioral Sciences
The Political Economy Of Consumer Credit Expansion And Real Exchange Rate Policy In Dual Economies, Esra Nur Ugurlu
The Political Economy Of Consumer Credit Expansion And Real Exchange Rate Policy In Dual Economies, Esra Nur Ugurlu
Doctoral Dissertations
This dissertation presents three essays on the political economy of consumer credit expansion and real exchange rate policy in dual economies. The first essay analyzes the structural change implications of consumer credit expansions using a dual-sector growth model. In the model, policy-induced increases in banks’ willingness and ability to lend result in new consumer lending, boosting aggregate demand and average wages in the nontradable sector. Under fixed relative wages and mark-up pricing in the tradable sector, wage pressures translate into inflationary pressures. The inflation-targeting central bank raises the policy rate to contain inflationary pressures. This intervention causes a real exchange …
Three Essays On Growth And Distribution In Dual Economies, Adam Aboobaker
Three Essays On Growth And Distribution In Dual Economies, Adam Aboobaker
Doctoral Dissertations
This dissertation is composed of three essays on growth and distribution in dual economies. The first of the essays explores short run implications of the relationship between hierarchical consumption preferences, redistribution, and structural change for the robustness of conclusions from neo-Kaleckian models. Integrating class-based heterogeneity to consumption patterns, inspired by notions of a hierarchy of wants, into a dual-sector model of a semi-industrialized economy generates qualitatively distinct results from those that typically follow from contemporary Kaleckian models, even when retaining the core features of the latter class of models. The results depend on the shock to income distribution emphasized and …