読者です 読者をやめる 読者になる 読者になる

Think outside the box

MAKE JAPAN GREAT AGAIN

富裕層に振り回されるアメリカ経済

経済格差が大きいアメリカでは、資産価格変動の影響を強く受ける富裕層消費が経済に占める割合が増大した結果、経済がvolatileになっているとの研究です。上が簡略版、下が詳細版です。

In fact, the rich now account for such a large share of the economy, and their wealth has become so large and volatile, that wealth effects on their consumption have started to have a significant impact on the macroeconomy. Indeed, the rich may have accounted for the bulk of the swings in aggregate consumption during the boom-bust.

それにしても、1980年代以降の富裕層の超富裕化には驚かされます。

参考

The High-Beta Rich: How the Manic Wealthy Will Take Us to the Next Boom, Bubble, and Bust

The High-Beta Rich: How the Manic Wealthy Will Take Us to the Next Boom, Bubble, and Bust


How 'High-Beta Rich' Binges Shake Up The Economy : NPR

The High-Beta Rich by Robert Frank - YouTube


What I learnt about inequality after spending time with some of the richest people in the world - Comment - Voices - The Independent