Inequality and Globalization : Improving Measurement Through Integrated Financial Accounts.

Format:

Book

Author/Creator:

Paweenawat, Archawa.

Contributor:

Townsend, Robert M.

Series:

The Gorman Lectures in Economics Series

The Gorman Lectures in Economics Series ; v.15

Language:

English

Genre:

Electronic books.

Physical Description:

1 online resource (241 pages)

Edition:

1st ed.

Place of Publication:

Princeton : Princeton University Press, 2024.

System Details:

Mode of access: World Wide Web.

Summary:

No detailed description available for ""Inequality and Globalization"".

Contents:

Cover

Contents

List of Illustrations

Acknowledgments

1. Introduction

1.1 High Inequality in Income and Wealth

1.1.1 Situation in the U.S

1.1.2 An International, Advanced Country Perspective: Inequality with a Large but Inefficient Financial Sector

1.1.3 The Geography of Inequality Is Part of the Mix

1.1.4 Repressive Policies Follow

1.1.5 Yet the Measurement of Inequality Is Problematic, despite All the Above Perceived Facts and Policy Actions

1.1.6 An Obvious Remedy to the Measurement Problem: Integrated Financial Accounts

1.1.7 Where Do the Current Inequality Facts Come From?

1.1.8 Integrated Macro Accounts in the U.S.: The Conceptual Framework Is Correct and Clear

1.2 Implications for Policy, What We Can Say Currently but with Limitations: The China Shock and Manufacturing Shocks

1.2.1 The Adverse Impact of Trade and Manufacturing Shocks

1.2.2 The China Shock and Manufacturing Shocks through the Lens of Open Economy Accounting Identities

1.2.3 Integrated Financial Accounts in an Emerging Market Setting

1.3 Implications for Policy: The Limitations of What We Can Say Currently in the U.S.Regarding the Impact of COVID-19

1.4 Inequality and Liberalization in Developing Countries: The Same Questions in Reverse

1.5 Outline of the Monograph

1.5.1 Thailand

1.5.2 Summary of Work in the U.S

2. Townsend Thai Surveys and Financial Accounts

2.1 Household Surveys and Household Finance

2.2 Townsend Thai Data

2.3 Households as Corporate Firms: Financial Statements of Individual Households

2.4 Overview of Financial Accounting

2.4.1 Balance Sheet

2.4.2 Income Statement

2.4.3 Statement of Cash Flows

2.5 Household Consolidated Financial Statements

2.6 Constructing Household Financial Statements from a Household Survey

2.6.1 Tangible Assets, Liabilities, and Wealth

2.6.2 Gifts and Transfers

2.6.3 General Treatment of Gifts and Transfers

2.6.4 Remittances

2.6.5 Inventories

2.6.6 Multi-period Production: Cultivation, Livestock, and Non-retail Business Activities

2.6.7 Consumption of Household-Produced Outputs and Other Consumption Expenditures

2.6.8 In-Kind Transactions

2.6.9 Depreciation of Fixed Assets

2.6.10 Livestock

2.6.11 Loan Payments, Principal Repayments, and Interest Payments

2.7 Transaction-Based Accounting

2.8 Financial Statements of Example Households

2.8.1 Household A

2.8.2 Household B

2.8.3 Household C

2.9 Local Heterogeneity

2.9.1 Productivity and Its Distribution

2.9.2 The Distribution of Household Wealth

2.10 Financial Frictions and Borrowing Limits

2.11 Revisions to the Construction of Household Financial Accounts

2.11.1 Remittances, Gifts, and Transfers

2.11.2 Depreciation of Assets

2.11.3 Capital Gains and Losses

Notes:

2.11.4 Insurance Premium and Payments to Funeral Funds

Description based upon print version of record.

Includes bibliographical references and index.

Description based on publisher supplied metadata and other sources.

ISBN:

9780691258041

069125804X

OCLC:

1430659502