GAGI: A Gini-Adjusted GDP-per-Capita Index for Distribution-Aware Macroeconomic Welfare Monitoring (opens in new tab)

GDP per capita is the default lens through which governibng bodies track the economic prosperity and consequences of economic events , yet it is blind to two first-order determinants of lived prosperity: income/wealth distribution and inflation impact. Inequality-adjusted income measures are themselves not new but What is missing from the macroeconomic monitoring toolkit specifically is not a welfare concept but an operational monitoring trigg...