Should the ECB Helicopter Adjust Its Dropping Zone?
Pierre Monnin | 4 February 2015
Monetary,
Blog | Tags:
Inequality,
QE
“Let us suppose that one day a helicopter flies over this community and drops an additional $1000 in bills from the sky…” This pleasant image conveyed by Milton Friedman’s famous metaphor is taken to new heights by Mario Draghi, who promised to inject €60 billion
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Inside CETA: Unpacking the EU-Canada free trade deal
Aaron Cosbey | 12 December 2014
Trade,
Blog | Tags:
Employment,
Environment,
ISDS,
Subsidies
How are sustainable development objectives treated in the latest major preferential trade agreements? In late September, the European Union and Canada released the long-awaited text of a bilateral free trade pact, five years after launching talks, and almost one year on from announcing they had
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Monetary Policy and Inequality – What Do Central Bankers Say?
Pierre Monnin | 24 November 2014
Monetary,
Blog | Tags:
Central Banks,
Inequality
“Benign neglect” perhaps most aptly characterizes the attitude that central bankers have traditionally displayed toward the topic of economic inequality. Indeed, monetary policy and inequality have long been regarded as having nothing more in common than just the fact that they both coexist. In the
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At Whose Service? Jobs and Services Trade in Developing Countries
Johannes Schwarzer | 17 November 2014
Trade,
Blog | Tags:
Development,
Employment,
Poverty,
Services Trade,
WTO
Services-led Employment Growth? Creating jobs to match their ever increasing, relatively young labor forces is probably the biggest challenge that developing countries are facing in the medium term. Reducing unemployment is perhaps the most effective tool to achieve a wide range of development goals, such
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Does Unconventional Monetary Policy Affect Inequality? Evidence from Japan
Ayako Saiki and
Jon Frost | 17 October 2014
Monetary,
Working Papers | Tags:
Inequality,
QE
Inequality has been largely ignored in the literature and practice of monetary policy, but is gaining more attention recently. Here, we exclusively focus on the impact of unconventional monetary policy (UMP) on inequality. We look at how the recent UMP in Japan affected inequality, using
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