Aug 12, 2019Kartik Akileswaran & Georgina Hutchinson
urge the continent's policymakers to take a more innovative and experimental approach to economic development.
Jul 31, 2019Christopher Pissarides & Jacques Bughin
call for proactive measures both to guide new innovations and manage their effects on labor markets.
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In an environment of secular stagnation in the developed economies, central bankers’ ingenuity in loosening monetary policy is exactly what is not needed. What is needed are admissions of impotence, in order to spur efforts by governments to promote demand through fiscal policies and other means.
By treating inequality exclusively as a microeconomic issue, economists have been missing the point for decades. There is ample evidence to show that income disparities within countries have more to do with global financial forces than with local labor-market conditions.
