Papers by Christian Weller
Massachusetts policy makers decided to go beyond existing ARRA federal reporting requirements and... more Massachusetts policy makers decided to go beyond existing ARRA federal reporting requirements and collect additional data in order to gauge the effectiveness of ARRA’s fiscal policy by counting the number of individuals who have received an ARRA-funded paycheck. In addition, policy makers wanted to look at some of the demographic characteristics of this population. This report provides an in-depth analysis
Income inequality in the United States of America has increased over the past few decades. Along ... more Income inequality in the United States of America has increased over the past few decades. Along with this development, employee compensation as a share of national income has tended to decline, the profit share of national income has grown, and inequality within labour has risen. There is no empirical support for the argument that greater inequality has resulted in faster productivity growth, but there is some indication that rising inequality has been connected to slower demand growth. Increased access to credit may have temporarily muted the implications of greater income inequality.
Macroeconomic instability has stunted growth in many developing economies in the past two decades... more Macroeconomic instability has stunted growth in many developing economies in the past two decades. As a result, the governments of these economies are looking for ways to better manage the economic factors that contribute to instability. Encouraging the creation of diverse financial markets, characterized by a wide range of financial institutions, may be one such option for better macroeconomic risk management. Greater institutional diversity could broaden the reach of financial markets, thus reducing liquidity constraints. And diversity may offer some insurance against the fallout from boom-and-bust cycles in each institutional type since each institutional type only covers a limited market segment.
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Papers by Christian Weller