Alan Auerbach in Journal of Economic Perspectives :This paper considers questions about the implications of rising inequality for the theory and practice of public finance. It begins by addressing fundamental reasons why the distribution of income or wealth on an annual basis before taxes and transfers offers insufficient information: (1) it does not tell us…

Mostly Economics

15.05.2025

Local Energy Access and Industry Specialization: Evidence from World War II Emergency Pipelines | Mostly Economics

Jacob Greenspon & Gordon H. Hanson in this NBER paper research the impact of energy pipelines on economic development: How does improving access to the supply of energy affect regional specialization in manufacturing? We evaluate the long-run employment impacts of pipelines constructed by the U.S. government during World War II to transport oil and gas from the…

Mostly Economics

15.05.2025

The arc of ascent of China’s financial system | Mostly Economics

Udaibir Das Visiting Professor at the National Council of Applied Economic Research was part of the team that contributed to China’s inaugural Financial Sector Assessment Program by IMF in 2010. IMF recently released China's Financial Sector Assessment 2025. Das on progress and lessons learnt since 2010. Amid developing tensions, the International Monetary Fund’s 2025 Financial…

Mostly Economics

15.05.2025

History of Economics Research at the Federal Reserve | Mostly Economics

Christopher Waller of Federal Reserve in this speech traces history of economic research at the central bank: Economic research has shaped monetary policy at the Federal Reserve from its very beginnings, but the form and use of that research has varied considerably over time. I do not have the time today to give this topic…

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Public Finance Implications of Economic Inequality | Mostly Economics

Local Energy Access and Industry Specialization: Evidence from World War II Emergency Pipelines | Mostly Economics

The arc of ascent of China’s financial system | Mostly Economics

History of Economics Research at the Federal Reserve | Mostly Economics

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