Economics

How Does Inflation Affect Income Inequality?

The favorable influence of price stability on income distribution is nonlinear: lowering inflation from hyperinflationary levels reduces income inequality greatly, while lowering inflation even more to a very low level appears to result in a negative Gini coefficient. What is the relationship between inflation and inequality? Long-run inflation and income inequality have a U-shaped relationship,

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Is The Great Recession The Same As The Great Depression?

The primary distinction between the Great Recession and the Great Depression is the length of time and severity of the events. The US housing bubble burst in 2007-2009, resulting in the Great Recession. The Great Depression occurred between 1929 and 1939, when stock prices plummeted dramatically. What makes the Great Depression different from the Great

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