In Search of the Global Middle Class: A New Index
The number of passenger cars in circulation can act as a direct measure of the middle class in developing countries. […]
Month: July 2012
Club Med and the Sunbelt: Adjustment within Monetary Union
Differences between the U.S. and eurozone monetary unions go a long way towards accounting for how well or badly each has adjusted in the aftermath of large housing bubbles and severe financial crisis. […]
Inequality in America: Facts, Trends and International Perspectives
Tackling the worst effects of inequality requires increased investment in crucial public goods, including education, a more progressive and simplified tax system, and increased international cooperation to avoid a race to the bottom. […]
Obama’s Stake in Brussels
Propping up the euro through contentious fiscal and banking arrangements, all without adequate guarantees from countries on Europe’s periphery, may not produce the long-term stability that is in the interest of both sides of the Atlantic. […]