Inequality of opportunity has great normative importance. This has led to a literature on measuring the part of overall inequality that is due to circumstances outside of a person’s control. We ...

In a speech at an annual conference that brings together economists who follow the central bank closely, Lagarde said that policymakers face “exceptionally high” levels of uncertainty.

In a speech at an annual conference that brings together economists who follow the central bank closely, Lagarde said policymakers face "exceptionally high" levels of uncertainty.