The Inequality Challenge
The United States has experienced a much sharper increase in inequality relative to other advanced countries. In fact, the magnitude of U.S. inequality resembles that of a developing country. […]
Year: 2012
The US economy is still inching towards the fiscal cliff
he prospects that the United States will find a solution for the fiscal cliff’s impending tax increases and spending cuts seem promising. […]
Beyond the Fiscal Cliff: Savings, Healthcare, and Inequality
Political bickering has blinded American leadership to the deeply rooted problems with the U.S. economy. […]
U.S. Fiscal Cliff Risks Dragging Global Economy into Darkness
If the United States falls off this fiscal cliff into recession, the outlook for the world economy, already gloomy, will darken further. […]
The ECB Can’t Rescue Europe
The ECB’s September purchase of Spanish and Italian government bonds in the secondary market is fraught with political and economic risk both for Germany as well as the periphery. […]
The Rise of Emerging Markets and the IFIs
Part of the Williams College Center for Development Economics conference “The Future of the World Bank and the IMF: Redesign for a New (and Old) World” held on campus at the ’62 Center on Sept. 27-28, 2012 […]
The Big West Solution
The United States and Europe are still recovering from the housing bubbles , but the hardest-hit U.S. states have bounced back more rapidly than Greece, Ireland, and Spain. […]
What Does the U.S. Election Mean for the World Economy?
The U.S. election, whatever the outcome, will not eliminate the need for both parties to compromise in order to make meaningful headway on the tough economic challenges facing the country. […]
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. […]
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. […]