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Finance & Development, September 2011
- From the Editor: Haves and Have Less
- People in Economics: The Master Artisan
- More or Less: Income inequality has risen over the past quarter-century instead of falling as expected
- Equality and Efficiency: Is there a trade-off between the two or do they go hand in hand?
- A Bigger Slice of a Growing Pie: Developing the financial sector accelerates economic growth and can enhance income equality
- Painful Medicine: Although advanced economies need medium-run fiscal consolidation, slamming on the brakes too quickly will hurt incomes and job prospects
- Unemployed in Europe: The most vulnerable Europeans were also the most susceptible to losing their jobs, which exacerbated inequality in the region
- Unequal = Indebted: Higher income inequality in developed countries is associated with higher domestic and foreign indebtedness
- Picture This: Inequality over the Past Century: After declining in the first half of the 20th century, income inequality makes a comeback
- Fiscal Neighbors: Canada and the United States confronted growing budget deficits and public debt but the results differed
- Municipal Fallout: U.S. state bond markets are not insulated from each other but are from the federal bond market
- Differing Benefits: Financial development does not give the same growth boost to all countries
- Unconventional Behavior: Innovative balance sheet policies of central banks helped during the recession, but they should be used only in exceptional circumstances
- Back to Basics: The Big and the Small Picture: Why economics is split into two realms
- Trading Places: Emerging markets are becoming major trading centers thanks to global supply chains and high-technology exports
- Harnessing Diasporas: Africa can tap some of its millions of emigrants to help development efforts
- More Europe, Not Less: The euro area is learning from its debt crisis that it needs a more centralized approach to fiscal and financial policies
- Book Reviews
- Data Spotlight: Where Investment Goes: The Netherlands is the major conduit for foreign direct investment
Article
Back to Basics: The Big and the Small Picture: Why economics is split into two realms
- International Monetary Fund. External Relations Dept.
- Published Date:
- September 2011
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