One hallmark of U.S. monetary policy since the early 1980s has been moderation in inflation (at least, until recently). How has this affected household well-being? The paper first develops a new model to address this issue. The inflation tax on income is defined as the difference between the...

This note builds on previous collaboration between the World Bank Group and UNICEF to estimate the global extent of child poverty. We estimate that in 2017, 17.5 percent of children in the world (or 356 million) younger than 18 years lived on less than 1.90 Dollars PPP per day, as opposed to 7.9...