The IMF’s Work on Inequality: Bridging Research and Reality

2019-03-26T12:04:27-04:00February 22, 2017|

By Prakash Loungani and Jonathan D. Ostry

Versions in عربي (Arabic),  中文 (Chinese), Français (French), and Español (Spanish)

Over the past three decades, income inequality has gone up in most advanced economies and in many developing ones as well. Why? Much of the research on inequality has focused on advances in technology and liberalization of trade as the main drivers. While technology and trade are global trends that are difficult to resist, IMF studies have shown that the design of government policies matters and can help limit increases in inequality. […]

Are Jobs and Growth Still Linked?

2017-04-14T02:10:16-04:00February 7, 2014|

Prakash LounganiBy Prakash Loungani 

(Version in Español)

Over 200 million people are unemployed around the globe today, over a fifth of them in advanced economies. Unemployment rates in these economies shot up at the onset of the Great Recession and, five years later, remain very high. Some argue that this is to be expected given that the economy remains well below trend and press for greater easing of macroeconomic policies (e.g. Krugman, […]

Haves and Have Less—Why Inequality Throws Us Off Balance

2017-04-15T14:19:07-04:00September 14, 2011|

We used to think that overall economic growth would pull everyone up. While the rich might be getting richer, everyone would benefit and would see higher living standards. That was the unspoken bargain of the market system. But now research is showing that, in many countries, inequality is on the rise and the gap between the rich and the poor is widening, particularly over the past quarter-century.
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