<p>Over the past 40 years, income inequality within countries has risen inexorably. A book by BIS authors explains why this has profound implications for the design of macroeconomic stabilisation policies.</p>

Over the past 40 years, income inequality within countries has risen inexorably. A book by BIS authors explains why this has profound implications for the design of macroeconomic stabilisation policies.

Inequality hysteresis: what it is and why it matters

Experts from the Bank for International Settlements (BIS) explain their work and discuss current issues for the global economy. As a hub for central banks and other financial regulatory and supervisory authorities, the BIS seeks to build a greater collective understanding of the world economy, foster international cooperation and support policy making.

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Inequality hysteresis: what it is and why it matters

Inequality hysteresis: what it is and why it matters

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