Why is the Bank of Japan raising rates consecutively now? A thorough explanation of the impact on inflation, the weak yen, ...
This post is a part of TPM Cafe, TPM’s home for opinion and news analysis. An earlier version of it appeared on Project Syndicate. Following Democrats’ dramatic sweep in state and local elections in ...
The U.S. economy remains resilient, but the gains are increasingly uneven as growth holds up while the center of the economy hollows out, according to Diane Swonk, Chief Economist and Managing ...
As Elon Musk became the world’s first trillionaire, workers are facing higher prices and fears of A.I.-driven job losses. By Ben Casselman Ben Casselman is The Times’s chief economics correspondent.
Macroeconomic models have evolved from representative-agent frameworks to rich heterogeneous-agent settings that trace the distribution of wealth across households differing in income, preferences, ...
Today’s wealth gap is much bigger, and the country’s richest have much more power than they once did. It’s an Age of Oligarchy ...
Earlier this year, our report, “The Middle Class Is Shrinking Because of a Booming Upper-Middle Class,” argued that the narrative of a “hollowed-out middle class” rests on counterintuitive class ...
The "K-shaped" economy, widely touted in the financial press, is the latest expression of wealth inequality. The U.S. economy is experiencing a growing gap between the highest earners and the richest ...
There is no doubt that wealth inequality exists in our economy. We may all have equal opportunity but for a multitude of reasons, we are not all created equal.