Productivity Improvement and Economic Growth BOJ (2018-05-15)
This paper summarizes recent discussion on labor productivity which is the source of medium- to long-term economic growth and observes the characteristics of recent productivity developments using relevant statistical da .. more |
'New Normal' or 'New Orthodoxy'? Elements of a Central Banking Framework for the After-Crisis Bank of France (2018-05-15)
Two different approaches to central banking in the aftermath of the crisis are contrasted. In the first one, labelled ‘New Normal’, the monetary policy strategy is broadened to encompass such objectives as financial stab .. more |
Corporate Tax Cuts Increase Income Inequality NBER (2018-05-15)
This paper studies the effects of corporate tax changes on income inequality. Using state corporate tax rate changes as a setting, we show that cutting state corporate tax rates leads to increases in income inequality. T .. more |