Publications

Does Inflation Really Hurt the Poor More than the Rich?

| 26 May 2014
Blog, Monetary | Tags: Inequality, Inflation
After being neglected for decades, income and wealth inequality are back at the center of economic discussions. Recent work by the IMF, renowned economists like Joseph Stiglitz (e.g. in his book “The Price of Inequality”), as well as the lively debate generated by Thomas Piketty’s ... continue reading

Inflation and Income Inequality in Developed Economies

| 15 May 2014
Monetary, Working Papers | Tags: Inequality, Inflation
This paper explores the empirical link between income inequality and inflation in ten OECD countries over the period 1971 to 2010. In addition to inflation, we include six control variables ... continue reading

Bali Boost: WTO Lives, Snatched for Now From Jaws of Defeat

| 23 December 2013
Blog, Trade | Tags: WTO
It would be churlish not to congratulate the WTO and especially Roberto Azevêdo, its dynamic director-general, for successfully passing a “Bali package” at the Indonesian resort well past the 11th hour on 7 December. The WTO Doha Round, launched in the Qatari capital in 2001, ... continue reading

Africa could become the world’s next powerhouse

| 26 September 2013
Blog, Fiscal, Trade | Tags: Commodities, Taxes
“A winning Africa!” “Thousands of Portuguese workers emigrate to the former colony of Angola in search of work.” Headlines such as these are a perfect illustration of the Afro-optimism that has gripped the media these last few years. In an Africa courted by foreign investors, ... continue reading

Property Taxes and Sustainability

and | 26 August 2013
Blog, Fiscal | Tags: Inequality, Land Use, Property
Many economists advocate that a higher share of government revenue should derive from taxes on immovable property. Proponents of a sustainability agenda may want to follow their advice. Read an OECD economic survey for a particular country and chances are high it recommends increasing the ... continue reading