Redistribution, Inequality, and Growth:
The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for considering inequality and an inability to sustain economic growth as two sides of the same coin. Central to the Fund...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2014
|
| Schriftenreihe: | IMF Staff Discussion Notes
Staff Discussion Notes No. 14/02 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for considering inequality and an inability to sustain economic growth as two sides of the same coin. Central to the Fund's mandate is providing advice that will enable members' economies to grow on a sustained basis. But the Fund has rightly been cautious about recommending the use of redistributive policies given that such policies may themselves undercut economic efficiency and the prospects for sustained growth (the so-called "leaky bucket" hypothesis written about by the famous Yale economist Arthur Okun in the 1970s). This SDN follows up the previous SDN on inequality and growth by focusing on the role of redistribution. It finds that, from the perspective of the best available macroeconomic data, there is not a lot of evidence that redistribution has in fact undercut economic growth (except in extreme cases). One should be careful not to assume therefore-as Okun and others have-that there is a big tradeoff between redistribution and growth. The best available macroeconomic data do not support such a conclusion |
| Beschreibung: | 1 Online-Ressource (30 p) |
| ISBN: | 1484352076 9781484352076 |
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| index_date | 2024-07-03T20:13:35Z |
| indexdate | 2024-07-10T09:35:45Z |
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| publishDateSearch | 2014 |
| publishDateSort | 2014 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF Staff Discussion Notes |
| spelling | Ostry, Jonathan David Verfasser aut Redistribution, Inequality, and Growth Ostry, Jonathan David Washington, D.C International Monetary Fund 2014 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Staff Discussion Notes Staff Discussion Notes No. 14/02 The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for considering inequality and an inability to sustain economic growth as two sides of the same coin. Central to the Fund's mandate is providing advice that will enable members' economies to grow on a sustained basis. But the Fund has rightly been cautious about recommending the use of redistributive policies given that such policies may themselves undercut economic efficiency and the prospects for sustained growth (the so-called "leaky bucket" hypothesis written about by the famous Yale economist Arthur Okun in the 1970s). This SDN follows up the previous SDN on inequality and growth by focusing on the role of redistribution. It finds that, from the perspective of the best available macroeconomic data, there is not a lot of evidence that redistribution has in fact undercut economic growth (except in extreme cases). One should be careful not to assume therefore-as Okun and others have-that there is a big tradeoff between redistribution and growth. The best available macroeconomic data do not support such a conclusion Online-Ausg Berg, Andrew Sonstige oth Tsangarides, Charalambos G. Sonstige oth http://elibrary.imf.org/view/IMF006/21122-9781484352076/21122-9781484352076/21122-9781484352076.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Ostry, Jonathan David Redistribution, Inequality, and Growth |
| title | Redistribution, Inequality, and Growth |
| title_auth | Redistribution, Inequality, and Growth |
| title_exact_search | Redistribution, Inequality, and Growth |
| title_exact_search_txtP | Redistribution, Inequality, and Growth |
| title_full | Redistribution, Inequality, and Growth Ostry, Jonathan David |
| title_fullStr | Redistribution, Inequality, and Growth Ostry, Jonathan David |
| title_full_unstemmed | Redistribution, Inequality, and Growth Ostry, Jonathan David |
| title_short | Redistribution, Inequality, and Growth |
| title_sort | redistribution inequality and growth |
| url | http://elibrary.imf.org/view/IMF006/21122-9781484352076/21122-9781484352076/21122-9781484352076.xml |
| work_keys_str_mv | AT ostryjonathandavid redistributioninequalityandgrowth AT bergandrew redistributioninequalityandgrowth AT tsangaridescharalambosg redistributioninequalityandgrowth |