Development Issues Series

Development Issues No. 1: Concepts of Inequality
The understanding of inequality has evolved from the traditional outcome-oriented view, whereby income is used as a proxy for well-being. The opportunity-oriented perspective acknowledges that circumstances of birth are essential to life outcomes and that equality of opportunity requires a fair starting point for all.
Development Issues No. 3: Multidimensional Poverty
Measuring poverty with a single income or expenditure measure is an imperfect way to understand the deprivations of the poor since, for example, markets for basic needs and public goods may not exist. Complementing monetary with non-monetary information provides a more complete picture of poverty.
Summary: In June 2017, the Fed raised its key policy rate for the fourth time s