January 17, 2020Analysis
UBI & the City
A new working paper models the effects of a basic income in New York City
Skeptics of guaranteed income tend to worry about the policy’s inflationary effects; absent rent regulation, for instance, one might expect housing costs to rise in proportion to the increase in disposable income generated by the policy.
January 16, 2020Analysis
Macro Modeling in the Age of Inequality
On incorporating distributional concerns into macroeconomic models
Recent years have seen the revival of academic conversation around rising wealth inequality and its distributional consequences. But while applied, microeconomics-oriented fields like public and labor economics have long engaged with questions around inequality, macroeconomics has historically paid less attention…