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I’ve been writing about inflation for the better part of three months. It’s been exhausting. Most of my time has been … about inflation is not the fact that prices rise. What matters is that prices rise at different rates. In other words …, inflation creates winners and losers — it redistributes income. In this post, I’ll dive into the redistribution dynamics between …
Persistent link: https://www.econbiz.de/10014000534
During the pandemic, the world’s billionaires increased their net worth to unprecedented historical heights. This was an impressive feat for the world’s richest, who took to celebrations by launching themselves into outer space, hosted factory mega-raves, and perhaps more prudently sailed...
Persistent link: https://www.econbiz.de/10014432069
הקפיטליזם שולט בעולם. דיונים סוערים מתנהלים בין המלומדים הממסדיים לבין "הביקורתיים" על טיבו של הקפיטליזם הגלובלי. הבעיה היא שטיבו של המוסד המרכזי בקפיטליזם -- ההון...
Persistent link: https://www.econbiz.de/10014528620
Foreign price shocks have significant effects on functional income distribution and on inflation inequality. By ….g. food prices for low-wage workers). Based on the conflicting-claims inflation literature, we propose a new extension to this … with an inflation-targeting regime. We investigate the impacts of foreign price shocks on income and inflation inequality …
Persistent link: https://www.econbiz.de/10013553408
There is little doubt that, in the last hundred years or so, progress has been made in lifting more people out of extreme poverty. Yet, considerable economic inequalities both within and between nations persists and, as recent work has shown, if the rate of return on capital surpasses the rate...
Persistent link: https://www.econbiz.de/10013500788
שורשי המלחמה בין חמאס לישראל הם רבים ומסועפים. ביניהם, הקונפליקט הארוך בין התנועה הלאומית הפלסטינית לבין התנועה הציונית, האיבה בין הכנסיות הרבניות לאיסלמיות על...
Persistent link: https://www.econbiz.de/10014429228
In the present paper it will be pointed out with panel data that inflation worsens income distribution, but not in a … linear way. More specifically, at lower inflation levels as inflation goes up, then income distribution worsens more rapidly … than in the case of higher inflation levels (hyperinflation). The sample covers annually most western European countries …
Persistent link: https://www.econbiz.de/10013148586
Few will argue with the claim that shortages are socially harmful. Shortages, by definition, imply a lack of something – not enough stuff to go around. A shortage of food implies hunger; a shortage of electricity implies darkness. But are shortages harmful to everyone equally? And if they are...
Persistent link: https://www.econbiz.de/10013396060
In my last post, I discussed the underwhelming relation between interest rates and unemployment. In this post, I’ll look at a better way to connect unemployment to interest income. It turns out that if you take US net interest and divide it by corporate profit, you get a ratio that closely...
Persistent link: https://www.econbiz.de/10014001210
If an unmarked package arrived at your door, how would you figure out what was inside? The catch is that you cannot open it. As a social scientist, I deal with this ‘black-box’ problem all the time. I (metaphorically) watch people go to work at firms. And I see them come home with income....
Persistent link: https://www.econbiz.de/10014279344