Policymakers: Act now to break out of the low-growth trap and deliver on our promises

By Catherine L. Mann, OECD Chief Economist Policymaking is at an important juncture. Without comprehensive, coherent and collective action, disappointing and sluggish growth will persist, making it increasingly difficult to make good on promises to current and future generations. Global growth has languished over the past eight years as OECD economies have struggled to average … More Policymakers: Act now to break out of the low-growth trap and deliver on our promises

Does monetary policy increase income and wealth inequality?

by Rory O’Farrell, Łukasz Rawdanowicz, and Kei-Ichiro Inaba,  Macroeconomic Policy Division, OECD Economics Department As asset prices have risen in recent years, so have concerns that monetary policy, and quantitative easing in particular, has increased inequality. Concern has moved from being the preserve of central bankers and the pages of the financial media to entering … More Does monetary policy increase income and wealth inequality?