This paper quantifies the effect of Poland's 1999 pension reform on the inequality of future pension benefits. The reform increases inequality, both in the upper and lower parts of the distribution. The estimates, based on the 2012 Polish Household Budget Survey, show that the Gini coefficient...

Macroprudential policy improves economic outcomes by reducing the likelihood and severity of financial crises. Yet it is pertinent to ask, are there unintended long run consequences to the introduction of a macroprudential policy regime, and are these consequences conditional on the a priori...

Economic growth has varied tremendously across regions of the United States over the past several decades. In this paper, I develop a dynamic quantitative spatial model to study the distributional implications of this uneven growth. The model incorporates two key mechanisms that link welfare to...