Carnegie Rochester Conference Series On Public Policy The Causes And Consequences Of Rising Economic Inequality

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Innocent Bystanders? Monetary Policy and Inequality in the U.S.

Author : Mr.Olivier Coibion
Publisher : International Monetary Fund
ISBN 13 : 1475505493
Total Pages : 57 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Innocent Bystanders? Monetary Policy and Inequality in the U.S. by : Mr.Olivier Coibion

Download or read book Innocent Bystanders? Monetary Policy and Inequality in the U.S. written by Mr.Olivier Coibion and published by International Monetary Fund. This book was released on 2012-08-01 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures. Furthermore, monetary shocks can account for a significant component of the historical cyclical variation in income and consumption inequality. Using detailed micro-level data on income and consumption, we document the different channels via which monetary policy shocks affect inequality, as well as how these channels depend on the nature of the change in monetary policy.

The Shadow Economy

Author : Friedrich Schneider
Publisher : Cambridge University Press
ISBN 13 : 1107034841
Total Pages : 225 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis The Shadow Economy by : Friedrich Schneider

Download or read book The Shadow Economy written by Friedrich Schneider and published by Cambridge University Press. This book was released on 2013-02-14 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents new data to give an overview of shadow economies from OECD countries and propose solutions to prevent illicit work.

The Unbound Prometheus

Author : David S. Landes
Publisher : Cambridge University Press
ISBN 13 : 9780521534024
Total Pages : 594 pages
Book Rating : 4.5/5 (34 download)

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Book Synopsis The Unbound Prometheus by : David S. Landes

Download or read book The Unbound Prometheus written by David S. Landes and published by Cambridge University Press. This book was released on 2003-06-26 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sample Text

Hysteresis and Business Cycles

Author : Ms.Valerie Cerra
Publisher : International Monetary Fund
ISBN 13 : 1513536990
Total Pages : 50 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Hysteresis and Business Cycles by : Ms.Valerie Cerra

Download or read book Hysteresis and Business Cycles written by Ms.Valerie Cerra and published by International Monetary Fund. This book was released on 2020-05-29 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.

Implications of Skill-biased Technological Change

Author : Eli Berman
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Implications of Skill-biased Technological Change by : Eli Berman

Download or read book Implications of Skill-biased Technological Change written by Eli Berman and published by . This book was released on 1997 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demand for less skilled workers decreased dramatically in the US and in other developed countries over the past two decades. We argue that pervasive skill-biased technological change rather than increased trade with the developing world is the principal culprit. The pervasiveness of this technological change is important for two reasons. First, it is an immediate and testable implication of technological change. Second, under standard assumptions, the more pervasive the skill-biased technological change the greater the increase in the embodied supply of less skilled workers and the greater the depressing effect on their relative wages through world goods prices. In contrast, in the Heckscher-Ohlin model with small open economies, the skill-bias of local technological changes does not affect wages. Thus, pervasiveness deals with a major criticism of skill-biased technological change as a cause. Testing the implications of pervasive, skill-biased technological change we find strong supporting evidence. First, across the OECD, most industries have increased the proportion of skilled workers employed despite rising or stable relative wages. Second, increases in demand for skills were concentrated in the same manufacturing industries in different developed countries.

Inequality and Labor Market Institutions

Author : Ms.Florence Jaumotte
Publisher : International Monetary Fund
ISBN 13 : 1513526901
Total Pages : 32 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Inequality and Labor Market Institutions by : Ms.Florence Jaumotte

Download or read book Inequality and Labor Market Institutions written by Ms.Florence Jaumotte and published by International Monetary Fund. This book was released on 2015-07-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The SDN examines the role of labor market institutions in the rise of income inequality in advanced economies, alongside other determinants. The evidence strongly indicates that de-unionization is associated with rising top earners’ income shares and less redistribution, while eroding minimum wages are related to increases in overall income inequality. The results, however, also suggest that a lack of representativeness of unions may be associated with higher inequality. These findings do not necessarily constitute a blanket recommendation for higher unionization and minimum wages, as country-specific circumstances and potential trade-offs with other policy objectives need to be considered. Addressing inequality also requires a multipronged approach, which should include taxation reform and curbing excesses associated with financial deregulation.

Three Essays in Dynamic Macroeconomics

Author : Hernán J. Moscoso Boedo
Publisher :
ISBN 13 :
Total Pages : 124 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis Three Essays in Dynamic Macroeconomics by : Hernán J. Moscoso Boedo

Download or read book Three Essays in Dynamic Macroeconomics written by Hernán J. Moscoso Boedo and published by . This book was released on 2006 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economics of Gender Inequality

Author : Michael Grimm
Publisher : vdf Hochschulverlag AG
ISBN 13 : 372813998X
Total Pages : 491 pages
Book Rating : 4.7/5 (281 download)

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Book Synopsis Economics of Gender Inequality by : Michael Grimm

Download or read book Economics of Gender Inequality written by Michael Grimm and published by vdf Hochschulverlag AG. This book was released on 2020-03-06 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stephan Klasen is considered one of the most distinguished scholars on gender economics in the 21st century. Over the past 25 years, he has tirelessly worked to understand the complex phenomena of gender inequality: From counting the number of missing women in the world and shedding light on why women go missing, to showing that leaving girls out of school not only deprives them, but also robs society of the opportunity to thrive on the talents of its entire population; from understanding why equal rights and rising incomes everywhere have not resulted in women participating more at work, to measuring gender inequality in its various dimensions. This volume, a collection of some of Stephan Klasen’s most important writings on the topic of gender inequality, honours his academic life and gives the reader an in-depth insight into both what we know and don’t (yet) know about the economics of gender inequality.

Remembering Inflation

Author : Brigitte Granville
Publisher : Princeton University Press
ISBN 13 : 1400846447
Total Pages : 291 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Remembering Inflation by : Brigitte Granville

Download or read book Remembering Inflation written by Brigitte Granville and published by Princeton University Press. This book was released on 2013-07-28 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why we need to heed the lessons of high inflation Today's global economy, with most developed nations experiencing very low inflation, seems a world apart from the "Great Inflation" that spanned the late 1960s to early 1980s. Yet, in this book, Brigitte Granville makes the case that monetary economists and policymakers need to keep the lessons learned during that period very much in mind, lest we return to them by making the same mistakes we made in the past. Granville details the advances in macroeconomic thinking that gave rise to the "Great Moderation"—a period of stable inflation and economic growth, which lasted from the mid-1980s through the most recent financial crisis. She makes the case that the central banks' management of monetary policy—hinging on expectations and credibility—brought about this period of stability, and traces the roots of this success back to the eighteenth-century foundations of modern monetary thought. Tackling fundamental questions such as the causes of inflation and its relation to unemployment and growth, the natural rate of inflation hypothesis, the fiscal theory of the price level, and the proper goals of central banks, the book aims above all to demonstrate the dangers of forgetting the role of credibility in establishing sound monetary policy. With the lessons of the past firmly in mind, Granville presents stimulating ideas and proposals about inflation-targeting principles, which provide tools for present-day monetary authorities dealing with the forces of globalization, mercantilism, and reserve accumulation.

The Rise of Central Banks

Author : Leon Wansleben
Publisher : Harvard University Press
ISBN 13 : 0674270517
Total Pages : 353 pages
Book Rating : 4.6/5 (742 download)

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Book Synopsis The Rise of Central Banks by : Leon Wansleben

Download or read book The Rise of Central Banks written by Leon Wansleben and published by Harvard University Press. This book was released on 2023-01-10 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central banks are supposed to stabilize markets, yet decades of mounting central bank power have seen wave after wave of financial crisis. Leon Wansleben offers novel explanations for the rise of central banks and the problematic implications of their finance-dependent policies.

Poverty and Shared Prosperity 2016

Author : World Bank Group
Publisher : World Bank Publications
ISBN 13 : 1464809798
Total Pages : 336 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Poverty and Shared Prosperity 2016 by : World Bank Group

Download or read book Poverty and Shared Prosperity 2016 written by World Bank Group and published by World Bank Publications. This book was released on 2016-10-12 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Poverty and Shared Prosperity 2016 is the first of an annual flagship report that will inform a global audience comprising development practitioners, policy makers, researchers, advocates, and citizens in general with the latest and most accurate estimates on trends in global poverty and shared prosperity. This edition will also document trends in inequality and identify recent country experiences that have been successful in reducing inequalities, provide key lessons from those experiences, and synthesize the rigorous evidence on public policies that can shift inequality in a way that bolsters poverty reduction and shared prosperity in a sustainable manner. Specifically, the report will address the following questions: • What is the latest evidence on the levels and evolution of extreme poverty and shared prosperity? • Which countries and regions have been more successful in terms of progress toward the twin goals and which are lagging behind? • What does the global context of lower economic growth mean for achieving the twin goals? • How can inequality reduction contribute to achieving the twin goals? • What does the evidence show concerning global and between- and within-country inequality trends? • Which interventions and countries have used the most innovative approaches to achieving the twin goals through reductions in inequality? The report will make four main contributions. First, it will present the most recent numbers on poverty, shared prosperity, and inequality. Second, it will stress the importance of inequality reduction in ending poverty and boosting shared prosperity by 2030 in a context of weaker growth. Third, it will highlight the diversity of within-country inequality reduction experiences and will synthesize experiences of successful countries and policies, addressing the roots of inequality without compromising economic growth. In doing so, the report will shatter some myths and sharpen our knowledge of what works in reducing inequalities. Finally, it will also advocate for the need to expand and improve data collection—for example, data availability, comparability, and quality—and rigorous evidence on inequality impacts in order to deliver high-quality poverty and shared prosperity monitoring.

The Long Shadow of Informality

Author : Franziska Ohnsorge
Publisher : World Bank Publications
ISBN 13 : 1464817545
Total Pages : 397 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis The Long Shadow of Informality by : Franziska Ohnsorge

Download or read book The Long Shadow of Informality written by Franziska Ohnsorge and published by World Bank Publications. This book was released on 2022-02-09 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.

Considerations on Education for Economic, Social, and Environmental Sustainability

Author : Sart, Gamze
Publisher : IGI Global
ISBN 13 : 1668483572
Total Pages : 549 pages
Book Rating : 4.6/5 (684 download)

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Book Synopsis Considerations on Education for Economic, Social, and Environmental Sustainability by : Sart, Gamze

Download or read book Considerations on Education for Economic, Social, and Environmental Sustainability written by Sart, Gamze and published by IGI Global. This book was released on 2023-05-08 with total page 549 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considerable increases in economic growth and development, population, and urbanization have been experienced in the world as of the industrial revolution, but significant environmental degradation, climate change, resource depletion, inequality in education and income, gender inequality, and poverty have accompanied these developments. In this context, the joint efforts of the United Nations and countries have led to the emergence of the 2030 Agenda for Sustainable Development consisting of 17 sustainable development goals to overcome these problems. One of the sustainable development goals is quality education. Education can influence the achievement of other sustainable development goals through various channels. Considerations on Education for Economic, Social, and Environmental Sustainability explores the impact of education on the main components of sustainable development consisting of economic, environmental, and social sustainability. Covering topics such as business transformation, transitional innovation, and the professional integration of graduates, this premier reference source is an excellent resource for business leaders, government officials, sociologists, educators of higher and K-12 education, preservice teachers, administrators, policymakers, researchers, and academicians.

Economic Informality

Author : Ana Maria Oviedo
Publisher : World Bank Publications
ISBN 13 : 0821379976
Total Pages : 54 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Economic Informality by : Ana Maria Oviedo

Download or read book Economic Informality written by Ana Maria Oviedo and published by World Bank Publications. This book was released on 2009-06-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This survey assembles recent theoretical and empirical advances in the literature on economic informality and analyzes the causes and costs of informality in developed and developing economies. Using recent evidence, the survey discusses the nature and roots of informal economic activity across countries, distinguishing between informality as the result of exclusion and exit. The survey provides an extensive review of recent international experience with policies aimed at reducing informality, in particular, policies that facilitate the formalization process, create a framework for the transition from informality to formality, lend support to newly created firms, reduce or eliminate inconsistencies across regulation and government agencies, increase information flows, and increase enforcement.

The Political Economy of Populism

Author : Petar Stankov
Publisher : Routledge
ISBN 13 : 1000200892
Total Pages : 72 pages
Book Rating : 4.0/5 (2 download)

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Book Synopsis The Political Economy of Populism by : Petar Stankov

Download or read book The Political Economy of Populism written by Petar Stankov and published by Routledge. This book was released on 2020-07-21 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Political Economy of Populism explores the interplay between identity, the economy and inequality to explain the dynamics of populist votes since the beginning of the 20th century. The book discusses the political and economic implications of populist governance using data on populist incumbencies and linking it to historical data on the macro economy and democracy. Chapters draw from the most recent political science, economics and other social science literature, as well as historical data, to explain the long-term causes and consequences of populism. Populism emerges and gains traction when political entrepreneurs exploit underlying identity conflicts for political gains. As the distributional consequences of both economic distress and economic growth typically favor the elite over the poor and the lower middle class, economic shocks usually sharpen the underlying identity conflicts between the groups. The book provides evidence of significant differences in the ways fiscal and monetary policies are conducted by incumbent populists in Latin America, Europe and the OECD. The work concludes by suggesting avenues through which a 21st century social consensus can be built, so that our society can avoid repeating the mistakes that led to wars and failed economic experiments in the 20th century. The Political Economy of Populism marks a significant contribution to the study of populism and is suited to students and scholars across the social sciences, including economics, political science and sociology.

Essays on Wage Formation and Globalization

Author : Andreas Hauptmann
Publisher : wbv Media GmbH & Company KG
ISBN 13 : 3763941002
Total Pages : 154 pages
Book Rating : 4.7/5 (639 download)

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Book Synopsis Essays on Wage Formation and Globalization by : Andreas Hauptmann

Download or read book Essays on Wage Formation and Globalization written by Andreas Hauptmann and published by wbv Media GmbH & Company KG. This book was released on 2015-12-15 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Warum zahlen manche Firmen nach Tarif, statt die Löhne individuell auszuhandeln? Zahlen Exportfirmen höhere Löhne als Firmen, die nicht exportieren und inwieweit wird dies von institutionellen Rahmenbedingungen bestimmt? Welche Zusammenhänge bestehen zwischen den Lohnstückkosten und der Exportstärke von Unternehmen? Mit diesen und weiteren Fragen befasst sich Andreas Hauptmann im vorliegenden Band. In mehreren Kapiteln legt der Autor dar, dass zwischen Löhnen, Globalisierung und institutionellen Kontextfaktoren vielfältige Wechselwirkungen bestehen.

The Transformation of American Industrial Relations

Author : Thomas A. Kochan
Publisher : Cornell University Press
ISBN 13 : 1501731696
Total Pages : 317 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis The Transformation of American Industrial Relations by : Thomas A. Kochan

Download or read book The Transformation of American Industrial Relations written by Thomas A. Kochan and published by Cornell University Press. This book was released on 2018-08-06 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1986, The Transformation of American Industrial Relations became an immediate classic, creating a new conceptual framework for understanding contemporary insutrial relations in the United States. In their introduction to the new edition, the authors assess the evolution of industrial relations and human resource practives, focusing particularly on the policy impoications of recent changes. They discuss the diverse forms of work restructuring in the American economy, the reasons why the diffusion of participatory work reorganization has been so modest, work practices among sophisticated nonunion employers, union membership declines, and public policy debates.