Is there something in the water at the IMF?
via Mark Thoma, Economist's View
The paper:IMF on inequality and growth
Whilst I haven't yet taken the time to delve into the 'metrics, this looks to be an interesting survey and addition to one of the fundamental macro questions: whence growth. Interestingly, the authors highlight the finding of the importance of (the lack of) inequality for continuation of "growth spells."
Given its history, it's fairly stunning that this would emanate from the IMF. Further, I think it's time to do a really good syllabus on the topic of growth and inequality. Inequality mavens, send us your links!
I'll be reading this one more closely, especially in the context of Matias' immediately preceding post.