This paper uses Engel curves to estimate real income growth in Brazil. The estimated per capita household real income …, implying a marked reduction in "real" inequality. This finding challenges the conventional wisdom that post-reform real income …

estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico … attributed to biases in the price deflator. The estimated unmeasured income gains are higher for poorer households, implying … marked reductions in "real" inequality. These findings challenge the conventional wisdom that post-reform income growth was …

Exporters of exhaustible resources have historically exhibited higher income volatility than other economies … exhaustible resource revenues in future income. The parameterized model fares well at capturing current account balances in both …