Joshua Felman

Did Income Inequality Make the Great Recession Worse?

Did Income Inequality Make the Great Recession Worse?

That’s the argument made by Bas Bakker and Joshua Felman of the International Monetary Fund in  recent research summarized at voxeu.org: It was not just the drop in housing wealth that made the Great Recession so deep, but also the decline in financial wealth. The decline in total wealth was key to explaining the depth […]

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