See Jason DeBacker, Bradley Heim, Vasia Panousi, and Ivan Vidangos (2011), “Rising Inequality: Transitory or Permanent? New Evidence from a U.S. Panel of Household Income 19872006,” Finance and Economics Discussion Series 2011-60 (Washington: Board of Governors of the Federal Reserve System, December).
2  BIS central bankers’ speeches  Most of us in Europe are exposed mainly to our national media in our national languages. These media naturally define our perspective: our sense of the “public” tends to stop at national borders. But this no longer describes reality. What is happening in other Member States matters to all of us.