Friday, November 25, 2011

Desigualdade e crises

Inequality, leverage and crises, por Michael Kumhof e Romain Ranciére (VoxEU):

Of the many origins of the global crisis, one that has received comparatively little attention is income inequality. This column provides a theoretical framework for understanding the connection between inequality, leverage and financial crises. It shows how rising inequality in a climate of rising consumption can lead poorer households to increase their leverage, thereby making a crisis more likely.

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