Download or read book Inflation inequality Puzzle written by Edmond Berisha and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Inequality Puzzle written by Roland Berger and published by Springer Science & Business Media. This book was released on 2010-10-04 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is there too much inequality? We are witnessing for the first time in many decades a vigorous public debate in the United States and many European countries as to whether income inequality is approaching unjustifiable levels. The financial crisis has drawn special attention to remuneration at financial firms, as well as other more broadly based increases in inequality, and the pendulum may well have swung back toward attitudes favoring strengthened regulations. It is against this background of shifting public and political views about income inequality that the Roland Berger Foundation decided to solicit the opinions of U. S. and European political, business, and labor leaders by partnering with the Stanford Center for the Study of Poverty and Inequality. This initiative, led by a diverse team of five authors, sought to cast light on how prominent European and U. S. leaders are making sense of rising inequality. The objective was not to provide yet another scholarly tome on inequality, or another analysis of how the general public views inequality. We are already awash in such analyses. What we don’t know, and what we have sought to offer, is a window into how senior leaders view this historic moment. In the summer of 2009, we interviewed thirteen political, business, and labor leaders and presented these interviews in their original form.
Download or read book Is Inflation Bad for Income Inequality written by Rossana Galli and published by . This book was released on 2001 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Puzzles Paradoxes Controversies and the Global Economy written by Charles Wolf Jr. and published by Hoover Press. This book was released on 2015-06-01 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this wide-ranging collection of essays first published between 2007 and 2014, Charles Wolf Jr. shares his insights on the world's economies, including those of China, the United States, Japan, Korea, India, and others. First appearing in such periodicals as in Forbes, the Wall Street Journal, and the Weekly Standard, among others, these chapters take on a range of questions about the global economy. Wolf discusses the paradoxes and puzzles within China's political economy and in its interactions with the United States. He analyzes the shortcomings of Keynesian economics as a response to the 2008 recession, as well as the weaknesses of policies and actions inferred from the theory, and compares those weaknesses with those of austerity policies intended to limit government spending and indebtedness. He also offers his views on economic inequality and where its principal sources may truly lay, China's currency and the continuing controversy about whether and when it may become a major international reserve currency, and many more insights on key economic issues affecting the global economy. Bringing these essays together for the first time in a single volume, including two essays not yet published elsewhere, this book enables the reader to absorb the author's expert perspective during the years in a collection in which the whole is truly greater than the sum of its parts. Each chapter includes a brief "postaudit" in which the author attempts to grade how well or ill the essay seems in retrospect.
Download or read book Wage Growth and Inflation in Europe A Puzzle written by Vizhdan Boranova and published by International Monetary Fund. This book was released on 2019-12-20 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wages have been rising faster than productivity in many European countries for the past few years, yet signs of underlying consumer price pressures remain limited. To shed light on this puzzle, this paper examines the historical link between wage growth and inflation in Europe and factors that influence the strength of the passthrough from labor costs to prices. Historically, wage growth has led to higher inflation, but the impact has weakened since 2009. Empirical analysis suggests that the passthrough from wage growth to inflation is significantly lower in periods of subdued inflation and inflation expectations, greater competitive pressures, and robust corporate profitability. Thus the recent pickup in wage growth is likely to have a more muted impact on inflation than in the past.
Download or read book The Great Recession and the Inflation Puzzle written by Mr.Troy Matheson and published by International Monetary Fund. This book was released on 2013-05-22 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Notwithstanding persistently-high unemployment following the Great Recession, inflation in the United States has been remarkably stable. We find that a traditional Phillips curve describes the behavior of inflation reasonably well since the 1960s. Using a non-linear Kalman filter that allows for time-varying parameters, we find that three factors have contributed to the observed stability of inflation: inflation expectations have become better anchored and to a lower level; the slope of the Phillips curve has flattened; and the importance of import-price inflation has increased.
Download or read book Is There an Inflation Puzzle written by Cara S. Lown and published by . This book was released on 1997 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Income Inequality written by Ales Bulir and published by International Monetary Fund. This book was released on 1998 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The distribution of income in a country is traditionally assumed to shift from relative equality to inequality and back to greater equality as the country develops. Intuitively, inequality will rise as some people move away from prevailing traditional activities, which yield a low marginal product, into more productive ventures. At some point, the marginal product of all economic activities converges and income differences narrow. Based on this reasoning, the so-called Kuznets hypothesis (Kuznets, 1955) postulates a nonlinear relationship between a measure of income distribution and the level of economic development. Income distribution is also a concern of policy makers: government policies can, by design, change income distribution to some degree through taxes, transfers, public sector employment, and other policy instruments.
Download or read book Poverty and Shared Prosperity 2018 written by World Bank and published by World Bank Publications. This book was released on 2018-12-10 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Bank Group has two overarching goals: End extreme poverty by 2030 and promote shared prosperity by boosting the incomes of the bottom 40 percent of the population in each economy. As this year’s Poverty and Shared Prosperity report documents, the world continues to make progress toward these goals. In 2015, approximately one-tenth of the world’s population lived in extreme poverty, and the incomes of the bottom 40 percent rose in 77 percent of economies studied. But success cannot be taken for granted. Poverty remains high in Sub- Saharan Africa, as well as in fragile and conflict-affected states. At the same time, most of the world’s poor now live in middle-income countries, which tend to have higher national poverty lines. This year’s report tracks poverty comparisons at two higher poverty thresholds—$3.20 and $5.50 per day—which are typical of standards in lower- and upper-middle-income countries. In addition, the report introduces a societal poverty line based on each economy’s median income or consumption. Poverty and Shared Prosperity 2018: Piecing Together the Poverty Puzzle also recognizes that poverty is not only about income and consumption—and it introduces a multidimensional poverty measure that adds other factors, such as access to education, electricity, drinking water, and sanitation. It also explores how inequality within households could affect the global profile of the poor. All these additional pieces enrich our understanding of the poverty puzzle, bringing us closer to solving it. For more information, please visit worldbank.org/PSP
Download or read book Measuring Trends in U S Income Inequality written by Hang K. Ryu and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the culmination of roughly seven years of joint research be tween us. We have both been interested in income inequality measurement for a considerably longer period of time. One author (Ryu) has a back ground in physics. While he was working on his Ph. D. in Physics at M. I. T. he became acquainted with Robert Solow. Professor Solow introduced Ryu to economics. After finishing his Ph. D. in physics, Ryu went on to the Uni versity of Chicago where Arnold Zellner guided him to a dissertation on using orthonormal basis and maximum entropy as estimation methods in econometric applications. The precise definition and examples of orthonormal basis (ONB) and maximum entropy (ME) methods will be given in the book. As it turns out, a natural application of these methods is the study of income distribution. Professor Zellner suggested that Ryu look at some of my joint work with Robert Basmann on functional forms of Lorenz curves as one starting place to do his own research. Ryu requested some of our data and asked for several of our papers with the express pur pose of introducing functional forms of Lorenz curves that Ryu felt would do a better job of approximating the empirical Lorenz curve. Thus, our first introduction was essentially one of Ryu trying to invent a better mousetrap. The interested reader can review the results given in Basmann et al. (1990) and Chapter Four of this book to see if Ryu succeeded.
Download or read book Is There an Inflation Puzzle By Cara S Lown and Robert W Rich written by Cara S. Lown and published by . This book was released on 1997 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Consumption Inequality and Inflation Differentials Among Different Income Groups in Egypt written by Dina Shaaban Haggag Abdallah and published by . This book was released on 2017 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: One of the dilemmas about inequality in Egypt is that perception of inequality has always exceeded actual measures of inequality. Egyptians have long called for more equal income distribution while Gini coefficient according to income figures has maintained its same magnitude ranging from 37.8 percent to 36.6 percent in the last decade (World Bank, 2012). One claim to explain this puzzle is that inequality directly impacts on welfare; people feeling worse off compared to the rest of the economy. When it comes to welfare, consumption captures people utility better than income does. Using consumption expenditure data from different waves of Household Income and Consumption survey 1999-2013, this thesis investigates consumption inequality among different income groups in Egypt and found an improvement in consumption inequality overtime. In addition, we examine to what extent does inflation affect different income groups in Egypt. We find that differences in baskets of goods consumed, perceptions of necessities and luxuries and the fact that people do not pay the same prices for the same goods weaken CPI power in estimating the average consumer's cost of living. More accurate weighting for different consumption baskets based on income groups used throughout the thesis show statistically significant different inflation rates. One policy recommendation is to improve indexation policies because the lower income groups burden a proportional share of inflation.
Download or read book The Openness inflation Puzzle Revisited written by and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Inflation Puzzle written by Paul W. McCracken and published by . This book was released on 1978 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of Inequality written by Thomas Piketty and published by Harvard University Press. This book was released on 2015-08-03 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Succinct, accessible, and authoritative, Thomas Piketty’s The Economics of Inequality is the ideal place to start for those who want to understand the fundamental issues at the heart of one the most pressing concerns in contemporary economics and politics. This work now appears in English for the first time.
Download or read book Inflation and Money written by Pengfei Wang and published by . This book was released on 2006 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: We document that persistent and lagged inflation (with respect to output) is a worldwide phenomenon in that these short-run inflation dynamics are highly synchronized across countries. We investigate whether standard monetary models are consistent with the empirical facts. We find that neither the new Keynesian sticky-price model nor the Mankiw-Reis (QJE 2002) sticky-information model can explain the international synchronization of the short-run inflation dynamics. Although the sticky-information model of Mankiw and Reis is very successful in explaining the persistent and lagged inflation dynamics for each individual country, its open-economy analogue fails to explain the synchronization of the inflation dynamics among the countries using calibrated international covariance of monetary shocks. The reason is that the dynamic effects of monetary shocks on inflation in one country cannot be effectively propagated across and preserved in other countries. We conclude that the short-run inflation dynamics and their global synchronization cannot be a monetary phenomenon, but may be instead the consequence of non-monetary shocks. An independent contribution of the paper is to provide a simple solution technique for solving general equilibrium models with lagged expectations (e.g., due to sticky information).
Download or read book Why Has Inflation in the United States Remained So Low Reassessing the Importance of Labor Costs and the Price of Imports written by Mr.Stephen Tokarick and published by International Monetary Fund. This book was released on 1999-11-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines some of the factors that have been influential in keeping inflation low in the United States during 1995–98, despite strong growth and high levels of employment. Our results identify three important variables: declines in import prices, a slowdown in the growth of nonwage labor compensation, and a decline in labor costs. We also reassess the role of labor costs and import prices in determining price inflation.
