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5 Lessons from the Coronavirus About Inequality in America (The Conversation, 5 min read) Only 12% of workers with a high school degree can work from home, 40% of Americans cannot cover a $400 emergency expense, and a large portion of low-income communities have no health insurance. Coronavirus will exacerbate existing inequalities in the US and lessons learned will help solve it.
CAPITAL CONTROLS AND INCOME INEQUALITY (FRBSF, 32-page read) Increases in EM private capital inflows raise income inequality, while rising outflows reduce inequality. However, in the long run, liberalisation of either inflows or outflows reduces inequality.
BIG G (NBER, 31-page read) New research into the fiscal transmission mechanism (assuming some particulars about government spending) finds fiscal shocks hardly impact inflation, there is little crowding out of private expenditure, and the multiplier is much larger (factor of four) than previously thought.