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Inequality hysteresis: what it is and why it matters

BISness

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Introduction

Maria Kanelli: Inequality storesis, the subject of a book recently published by BIS economists. How is inequality storesis and what are its implications? Luis Pereira de Silva; Beno Amurjo take an in-depth look at the question of inequality as it affects macroeconomic policies. Maria Kanelli: The scars that you live in terms of income inequality are not going away after recessions.

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