The Top Ten Blogs of 2014


by iMFdirect

As 2014 draws to a close, we thought you might like a look back at the most read blogs of the year.  These are the headlines and ideas that caught your eyes and the list is based on readership.  We thought we’d pull them all together for you in one quick read.

Wishing you a wonky & worldy 2015 from all of us at iMFdirect.

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Can Policymakers Stem Rising Income Inequality?


By David Coady and Sanjeev Gupta

The issue of rising income inequality is now at the forefront of public debate. There is growing concern as to the economic and social consequences of the steady, and often sharp, increase in the share of income captured by higher income groups.

While much of the discussion focuses on the factors driving the rise in inequality—including globalization, labor market reforms, and technological changes that favor higher-skilled workers—a more pressing issue is what can be done about it.

In our recent study we find that public spending and taxation policies have had, and are likely to continue to have, a crucial impact on income inequality in both advanced and developing economies.

In advanced economies, this is especially important given that the ongoing fiscal adjustment needs to be continued for many years to reduce public debt to sustainable levels. But it is equally important in developing economies where inequality is relatively high.

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