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Working Paper No. 461

Does Equality Promote Growth?

Several recent articles claim that pre-tax income equality promotes growth. Equality is argued to dampen demand for redistributive economic policies that tax returns to growth-enhancing activities suc…
Working Paper
by Stefan Fölster, Georgi Trofimov
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Working Paper No. 451

Price Dynamics and Production Lags

The paper shows how prolonged price inertia can arise in a macroeconomic system in which there are temporary price rigidities as well as production lags in the use of intermediate goods. In this conte…
Working Paper
by Assar Lindbeck, Dennis J. Snower
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