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Measuring inequality

Using macroeconomic aggregates on households’ wealth and Pareto models: is income inequality overestimated or underestimated?

Monetary Policy

Monetary or macroprudential policy?

Two new research papers exploring the trade-offs and interaction between monetary and macroprudential policies.

Financial Markets

Pension funds and global yield curves

New research on the strong effect of pension assets on the long end of the yield curve.


New and noteworthy books in economics (June)

On the future of macroeconomic policy; on the upcoming technology trap and the  disrupted economic relationships. Did economics corrupt us?

Economic Growth

Economic red flags

Ten year yields have declined in advanced countries and there are about nine reasons the global economy is at risk of a recessions.

Monetary Policy

In favor of QE

New research on how a modest amount of QE can overcome the ZLB. Barry Eichengreen discusses the politics of QE.

International Economics

The new currency manipulators

At the end of May 2019 the Treasury published its currency manipulation report.  The report is considered to be a  reductio ad absurdum  and a Niagara of nonsense.



Italy’s government could issue what would amount to small-denomination IOUs to pay some of its bills.

International Economics

On foreign direct investments

FDI flows have declined significantly since 2017. Are we entering a new period of contraction by multinational firms, or are FDI patterns changing as digitalized industries are becoming more important?


Trade in intermediates, inequality and public policy

Trade in intermediates has contributed to an increase in within-country inequality. Technological innovation has not sparked the economic boom conditions that would improve income distribution. This is the outcome of wrong public policies, argues a recent study by Brookings.

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