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Income Inequality in Boom and Bust: A Tale from Iceland's Bubble Economy

Stefán Ólafsson and Arnaldur Sölvi Kristjánsson

in Income Inequality: Economic Disparities and the Middle Class in Affluent Countries

Published in print:
2013
Published Online:
January 2014
ISBN:
9780804778244
eISBN:
9780804786751
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804778244.003.0016
Subject:
Sociology, Social Stratification, Inequality, and Mobility

This chapter provides estimates of income inequality, income mobility, and wealth inequality for Japan. Income and consumption inequalities that are measured by the Gini coefficient, and estimated ... More


Understanding Global Crises: An Emerging Paradigm

Assaf Razin

Published in print:
2015
Published Online:
May 2016
ISBN:
9780262028592
eISBN:
9780262327701
Item type:
book
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262028592.001.0001
Subject:
Economics and Finance, International

This book aims at parsing and explaining some key forces that feature in every one of the global and regional financial crises and monetary crises that erupted in the world economy over the past ... More


Epilogue

Masaaki Shirakawa

in Tumultuous Times: Central Banking in an Era of Crisis

Published in print:
2021
Published Online:
January 2022
ISBN:
9780300258974
eISBN:
9780300263008
Item type:
chapter
Publisher:
Yale University Press
DOI:
10.12987/yale/9780300258974.003.0023
Subject:
Economics and Finance, Economic History

This epilogue reflects on the future of central banks. The Bank of Japan was the first central bank to find itself stuck in the “low-for-long” world, meaning that low-interest rates persist for an ... More


Downside Potential Under Uncertainty: The Perceived Risk of Loss

Eric Barthalon

in Uncertainty, Expectations, and Financial Instability: Reviving Allais's Lost Theory of Psychological Time

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231166287
eISBN:
9780231538305
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231166287.003.0011
Subject:
Economics and Finance, Behavioural Economics

This chapter examines how time can be introduced in the assessment of downside risk, that is, how Maurice Allais's paradox and his theory of psychological time can be combined into the perceived risk ... More


An Interview with Paul Levy

Roger Berkowitz

in The Intellectual Origins of the Global Financial Crisis

Published in print:
2012
Published Online:
January 2013
ISBN:
9780823249602
eISBN:
9780823250752
Item type:
chapter
Publisher:
Fordham University Press
DOI:
10.5422/fordham/9780823249602.003.0006
Subject:
Philosophy, Political Philosophy

Paul Levy, Founder and Managing Partner of JLL Partners asks “How do bubbles happen?” They do not generally happen because of malevolent or corrupt behavior. We live in a society where people ... More


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