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(The Center Square) – President Joe Biden is expected to deliver the State of the Union address Tuesday evening, and economic and fiscal policy experts are raising the alarm about
(The Center Square) – President Joe Biden is expected to deliver the State of the Union address Tuesday evening, and economic and fiscal policy experts are raising the alarm about
New evidence is transforming the way we look at long-term trends in economic inequality. This column reconstructs wealth inequality in the German area over five centuries. The significant declines in inequality triggered by the Black Death and again by the Thirty Years’ War of 1618–1648 and the plague that followed provide strong support for the potential levelling effects of
Lucrezia Reichlin, Adair Turner, Michael Woodford The COVID-19 pandemic forces swept away some of the conventional taboos in economic thinking, such as the radical idea of helicopter money (Benigno and Nisticò 2020, Cukierman 2020, Galì 2020, Yashiv 2020, Kapoor and Buiter 2020, Velasco et al. 2020). The term uses the fanciful imagery that was originally invented by Milton Friedman (1968). Since the end of the 1990s, Friedman’s idea has received more attention in academia and policy circles. Precedents to the unprecedented But what we today refer to as ‘unprecedented’ monetary polic...