1 “...This paper studies the empirical and theoretical link between increases in income inequality...”

2 “... in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase...”

3 “...The paper studies how high leverage and crises can arise as a result of changes in the income...”

4 “... aggressive than automatic stabilizers, and stabilizes the income of borrowingconstrained agents, rather than...”

5 “... be enhanced by shifting some of the tax burden from incomes to consumption. In the short run, credibility...”