between inequality and growth via growth and inequality shocks for two large economies, China and the USA, for the years 1979 …Understanding the relationship between income inequality and economic growth is of utmost importance to economists and …- 2018. We find that a growth shock is inequality-increasing, and an inequality shock is growthreducing. We also find …

In this paper, we analyse Okun's law - a relation between the change in the unemployment rate and GDP growth - using … fruitful. In terms of dynamic effects, a shock to GDP growth has robustly negative effects on the change in the unemployment …

real-time, Bayesian estimation of a small monetary VAR with time-varying parameters. We use it to calculate the probability …