Joshua Aizenman
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How Does Vocational Education Impact Income Gaps?
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Education plays an important role in countering inequality, and education policy can be an efficient tool for policymakers to reduce income disparities. According to the Economic Policy Institute, on average, a family in the top one percent of the U.S. income distribution earned 26.3 times as much as a family…
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Scaling Back Quantitative Easing: Domestic Recovery at a Foreign Cost
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Federal Reserve announcements about “tapering,” or reducing the level of quantitative easing, had significant negative impacts on financial asset prices in otherwise robust emerging market economies.