BoE draws lessons from Thomas Piketty

Thomas Piketty. Photo credit: Government of Chile

Income inequality is not just a problem for governments coping with discontent among their citizens, increasingly it is a problem on the radars of central banks too, as an article in the Bank of England's (BoE) quarterly bulletin highlights.

Capital in the 21st Century, named after economist Thomas Piketty's book of the same name, outlines some of the conclusions from a conference held at the BoE in December last year.

"Inequality can have a bearing on a central bank's objectives. It can affect

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