Archive
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Measuring inequality
Using macroeconomic aggregates on households’ wealth and Pareto models: is income inequality overestimated or underestimated?
Monetary or macroprudential policy?
Two new research papers exploring the trade-offs and interaction between monetary and macroprudential policies.
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 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.
In favor of QE
New research on how a modest amount of QE can overcome the ZLB. Barry Eichengreen discusses the politics of QE.
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.
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.