Includes references, glossary and index

Table of Contents
Intro
pp Intro-vi; 7 pages
Download PDF Read Online
Table of Contents
pp vii-viii; 2 pages
Download PDF Read Online
Foreword, by Joseph E. Stiglitz
pp ix-xii; 4 pages
Download PDF Read Online
Preface
pp xiii-xvi; 4 pages
Download PDF Read Online
1. Introduction
pp 1-11; 11 pages
Download PDF Read Online
2. Inequality: Measures and Drivers
pp 12-24; 13 pages
Download PDF Read Online
3. Inequality and Sustained Growth
pp 25-36; 12 pages
Download PDF Read Online
4. Structural Policies and Inequality
pp 37-53; 17 pages
Download PDF Read Online
5. Financial Globalization and Inequality
pp 54-67; 14 pages
Download PDF Read Online
6. Austerity and Inequality
pp 68-78; 11 pages
Download PDF Read Online
7. Central Banks and Inequality
pp 79-86; 8 pages
Download PDF Read Online
8. Technology, Robots, and Inequality
pp 87-94; 8 pages
Download PDF Read Online
9. Remedies for Inequality—Redistribution
pp 95-105; 11 pages
Download PDF Read Online
10. Conclusions
pp 106-110; 5 pages
Download PDF Read Online
Data Appendix
pp 111-120; 10 pages
Download PDF Read Online
Technical Appendix
pp 121-148; 28 pages
Download PDF Read Online
Glossary
pp 149-152; 4 pages
Download PDF Read Online
References
pp 153-164; 12 pages
Download PDF Read Online
Index
pp 165-175; 11 pages
Download PDF Read Online

Inequality has drastically increased in many countries around the globe over the past three decades. The widening gap between the very rich and everyone else is often portrayed as an unexpected outcome or as the tradeoff we must accept to achieve economic growth. In this book, three International Monetary Fund economists show that this increase in inequality has in fact been a political choice—and explain what policies we should choose instead to achieve a more inclusive economy. Jonathan D. Ostry, Prakash Loungani, and Andrew Berg demonstrate that the extent of inequality depends on the policies governments choose—such as whether to let capital move unhindered across national boundaries, how much austerity to impose, and how much to deregulate markets. While these policies do often confer growth benefits, they have also been responsible for much of the increase in inequality. The book also shows that inequality leads to weaker economic performance and proposes alternative policies capable of delivering more inclusive growth. In addition to improving access to health care and quality education, they call for redistribution from the rich to the poor and present evidence showing that redistribution does not hurt growth. Accessible to scholars across disciplines as well as to students and policy makers, Confronting Inequality is a rigorous and empirically rich book that is crucial for a time when many fear a new Gilded Age.