Global income inequality captures income differences among all individuals around the world. Global inequality around the world increased from 1820 to 1990 as incomes in richer countries grew faster than incomes in relatively poorer countries. However, these trends were reversed over the three...

Alfani and Carballo (2023) estimate the levels of income inequality in the Aztec Empire around 1492, that is, before the Spanish conquest. Their main estimate finds that the Gini index was 50.4. They conclude that income inequality in the Aztec Empire was high even before the Spanish conquest,...

Reoccurring instability keeps forcing central banks repeatedly to intervene in financial markets, since the 2007-2008 crisis most notably with massive asset purchases, whose popularisation was spearheaded by the Bank of Japan. This paper exploits the world's first implementation of quantitative...