New Results on Capital Account Liberalization and Inequality

My talk at the New School today included an update of results on the impact of capital account liberalization on inequality (with Davide Furceri and Florence Jaumotte). In past work, we had shown that liberalization leads to an increase in inequality in advanced economies — see this F&D article and VoxEU blog and the discussion of these results by Paul Krugman. The results for a broader group of countries are given in this paper; a Cliff’s Notes version of the paper is given here, with an associated PPT.

Posted by at 5:29 PM

Labels: Inclusive Growth


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