Re:Does QE Cause Wealth Inequality?
by throw0101a on Tuesday November 16, 2021 @01:36PM
(#29244597)
Piketty on Góes's IMF paper:
> Piketty's response[55] noted, however, that Góes used measures of income inequality rather than wealth inequality, and inappropriately took the interest rate on sovereign debt as his index of the rate of return on capital, which makes his results not commensurate with those of Piketty's study.
Re:Does QE Cause Wealth Inequality?
by bhupy on Tuesday November 16, 2021 @01:55PM
(#29244846)
Yeah the Auten-Splinter research is the most contemporary critique, relative to the 2014 IMF paper, and is the one that's most widely accepted now. Piketty, Saez, et al have yet to really address anything there.
> Piketty's response[55] noted, however, that Góes used measures of income inequality rather than wealth inequality, and inappropriately took the interest rate on sovereign debt as his index of the rate of return on capital, which makes his results not commensurate with those of Piketty's study.
* https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Ce...
[55] FR: https://www.lesechos.fr/2016/09/thomas-piketty-repond-a-letu...