Inequality & Distribution
Nov 24, 2017
With unemployment reaching very low levels in major economies, despite low – and slowly rising – inflation, it’s time for central banks to rethink their reliance on the so-called natural rate. No numerical target for this rate can serve as an anchor for monetary policy.
In the economic literature, several scholars have addressed the narrative of a two-stage European crisis. In a first stage, the so-called “he-cession”, men would have been hit the most by the economic recession induced by the financial crisis. Shortly thereafter, in the “she-austerity” stage, women would have suffered the heaviest burdens of the fiscal retrenchment measures. If that were the case, the policy response to the crisis would be producing an increase in the – already high pre-existing – gender inequality.
Oct 22, 2017 | 12:00
What Do Citations Actually Measure in Economics and How Should Economic Journals and Department Review Committees Use This Data?
Oct 21, 2017 | 05:00
“Dual Economy” models were developed to explain growth in the developing world. Now they appear necessary to comprehend the high income trap that afflicts the world’s most developed economies.
Nov 16, 2017
From the Rust Belt to Rural America, Economic and Social Distress Helped Shape the 2016 US Presidential Election Outcome
Nov 8, 2017
As the old lines continue to blur, what does inequality mean in the modern global economy? And, how does the economy need to evolve to address these changes?
Oct 22, 2017 | 06:30
As the old lines continue to shift, what does inequality mean in the modern global economy? And, how does the economy need to evolve to address these changes?
Oct 22, 2017
Joseph Stiglitz, Michael Spence and a global team of leading thinkers are calling for new thinking & new rules for the world economy
Oct 5, 2017
The Idea That Businesses Exist Solely to Enrich Shareholders Is Harmful Nonsense
Economists’ infamous failure at predicting the recent financial crisis has brought new impetus to studies on diversity in the economics profession. Such studies have underlined how diversity plays a prominent role in enriching economic analyses.
Sep 12, 2017
The path of austerity could spread economic pain and social woes far beyond the Caribbean island, says public debt expert Martin Guzman
Sep 6, 2017
Xavier Gabaix argues that public policies should prioritize alleviating deprivation at the bottom over narrowing the rich-poor gap
Aug 11, 2017
New research shows that access to elite colleges varies by parents’ income—reinforcing inequality across generations
Aug 30, 2017
Personal connections are key to understanding concentrations of wealth and power
Aug 16, 2017
Why we should worry about job quality, not quantity—or robot overlords