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Abdul Abiad

Abdul Abiad

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Abdul Abiad is Economic Adviser at the Asian Development Bank.

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  6. Alhambra road Frederic J. Brown/AFP via Getty Images
    Subscriber Exclusive

    Will Bidenomics Deliver?

    With ambitious spending plans and efforts to curb corporate power, US President Joe Biden hopes not only to spur an inclusive economic recovery, but also to defuse widespread anger among American workers. But with the US economy already rebounding strongly from pandemic-induced recession, critics warn that there are dangers to excessive stimulus.

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    Are Central Banks to Blame for Rising Inequality?

    Kenneth Rogoff

    The view that central-bank interest-rate policy can and should be the main driving force behind greater income equality is stupefyingly naive, no matter how often it is stated. Central banks can do more to address the inequality problem, but they cannot do everything.

     argues that monetary policy did not cause, and largely cannot mitigate, increasing income and wealth disparities.
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