Series: IMF Working Papers
Author(s): Kenichi Ueda
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2001
Keywords: Transitional growth, inequality, financial deepening, transaction costs, equation, financial system, confidence interval, financial sector, survey, Financial Institutions and Services: Government Policy and Regulation
We study models that display growth with financial deepening and increasing inequality along the way to perpetual steady state growth. A benchmark model is essentially a complete markets model but with transaction...