Tag Archives: Thomas Piketty

Pareto and Piketty: The Macroeconomics of Top Income and Wealth Inequality

From Chad Jones: Since the early 2000s, research by Thomas Piketty, Emmanuel Saez, and their coathors has revolutionized our understanding of income and wealth inequality. In this paper, I highlight some of the key empirical facts from this research and … Continue reading

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The Macroeconomics of Piketty

From Chad Jones: Since the early 2000s, research by Thomas Piketty, Emmanuel Saez, and their coathors has revolutionized our understanding of income and wealth in- equality. In this paper, I highlight some of the key empirical facts from this re- … Continue reading

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Piketty Roundtable

HT: Paul Krugman

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Weekend Links: Understanding Piketty, Falling Interest Rates, Secular Stagnation, etc

Brad Delong has a great post that provides an analytical framework for understanding the historical narrative in Piketty’s new book. Barry Eichengreen has a nice piece on declining interest rates Larry Summers gave a talk at INET (starts at 45 … Continue reading

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Krugman on Piketty

Krugman has an insightful post on Piketty’s recent book. I find this easiest to think of in terms of a numerical example. Let’s assume that s = .09 and initially n = .03. Then the capital-output ratio is 3; if … Continue reading

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Weekend reading

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Wealth Inequality since 1810

Via Emmanuel Saez’s lecture notes on capital income taxation  

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