inequality (Furceri, Loungani, Ostry and Pizzuto, 2020). In this paper, we show that the extent of fiscal consolidation in the … inequality. Episodes marked by extreme austerity-measured using either the government's fiscal balance, health expenditures or … redistribution-have been associated with an increase in the Gini measure of inequality three times as large as in episodes where …

available for managing exhaustible natural resources; and analyzes the relationship between resource wealth and state fragility … of resource wealth …

Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and … empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The … evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on …

labor and capital income, taxes on wealth, the corporate income tax, and consumption taxes. The paper concludes by …

globalization raises wealth inequality in a financially-developed economy initially due to foreign capital pressing up domestic … contribution of this role to rising wealth concentration among American households. I highlight the following points: 1) financial … households to reallocate wealth toward risky assets while impoverished households increase their debt. Wealth concentration …

implications of these findings for several strands of the wealth inequality debate …We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are …

High household wealth is often cited as a key strength of the Italian economy. Both in absolute terms and relative to … income, the Italian household sector is wealthier than most euro area peers. A sizable fraction of this wealth is held by the … rich and upper middle classes. This paper documents the changes in the Italian household sector's financial wealth over the …

claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition …