Archive for the ‘Inequality’ Category

Chair Yellen Holds Forth on the Inequality of Opportunity

October 17th, 2014

Just heard Fed chair Janet Yellen give this great talk on inequality of wealth, income, and importantly, opportunity. I’ll have more to say later, but do give this a read. Some points that jumped out to me: –It’s fundamentally important that she gave this speech, as it was when President Obama gave a speech elevating… Read more

A misleading critique of my inequality and growth analysis

September 29th, 2014

Sorry, but Steve Roth’s critique of my Inequality and Growth paper for CAP is misleading and inaccurate. Moreover, he had to work pretty hard to miss my points linking inequality to macro-instability and thus persistent periods of weak growth. Not only does Roth somehow miss my emphasis on what I think are critically important linkages… Read more