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This paper highlights how changes in the composition of demand affect income dispersion in the short run. We first document how the share of aggregate spending
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Demand Composition and Income Distribution
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This paper highlights how changes in the composition of demand affect income dispersion in the short run. We first document how the share of aggregate spending
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Piero Ferri expertly broadens the analysis of the canonical growth cycle approach by presenting a Minsky–Harrod model, examining how the relationship between