The interplay of wealth inequality and macroeconomic dynamics under secular stagnation

• Project/Area Number: 25K00179
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Review Section: Basic Section 07010:Economic theory-related
• Research Institution: Sophia University
• Principal Investigator: SCHLEGL Matthias 上智大学, 経済学部, 准教授 (50844982)
• Project Period (FY): 2025-04-01 – 2029-03-31
• Project Status: Granted (Fiscal Year 2025)
• Budget Amount: ¥4,550,000 (Direct Cost: ¥3,500,000、Indirect Cost: ¥1,050,000); Fiscal Year 2028: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000); Fiscal Year 2027: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000); Fiscal Year 2026: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000); Fiscal Year 2025: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
• Keywords: Secular stagnation / Underemployment / Inequality / Wealth preference

Outline of Research at the Start

This research project studies the interactions between wealth inequality and macroeconomic developments, such as inflation and economic growth, in a zero interest rate environment. We also analyze the effects of redistributive policies, such as wealth taxes, for economic growth and social welfare.