Inequality and Globalization: Improving Measurement through Integrated Financial Accounts

A remedy for the gap between micro and macro data, making measures of inequality and national income consistent with each other

Increasing inequality, the impact of globalization, and the disparate effects of financial regulation and innovation are extraordinarily important topics that fuel spirited policy debates. And yet the facts underlying these debates are of doubtful accuracy. In reality, as Archawa Paweenawat and Robert Townsend show in Inequality and Globalization, there is a large g...