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India; Is the Rising Tide Lifting All Boats?

Topalova, Petia - International Monetary Fund (IMF) - 2008

While many have celebrated India's accelerating economic growth, some have expressed concern about the distributional impacts of the growth process. Cognizant of the vulnerability of its large population below poverty, India's authorities have made faster and more inclusive economic growth the...

Persistent link: https://www.econbiz.de/10005768877

Factor Immobility and Regional Impacts of Trade Liberalization Evidenceon Poverty From India

Topalova, Petia - International Monetary Fund (IMF) - 2010

This paper uses the 1991 Indian trade liberalization to measure the impact of trade liberalization on poverty, and to … examine the mechanisms underpinning this impact. Variation in sectoral composition across districts and liberalization … more exposed to liberalization were concentrated, experienced slower decline in poverty and lower consumption growth. The …

Persistent link: https://www.econbiz.de/10008671312

Inequality, Leverage and Crises: The Case of Endogenous Default

Kumhof, Michael; Ranciere, Romain; Winant, Pablo - International Monetary Fund (IMF) - 2013

The paper studies how high household leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of high-income households, a large increase in debt leverage of the...

Persistent link: https://www.econbiz.de/10010790328

Income Inequality and Current Account Imbalances

Ranciere, Romain; Throckmorton, Nathaniel A.; Kumhof, … - International Monetary Fund (IMF) - 2012

account deficits. Cross-sectional econometric evidence shows that higher top income shares, and also financial liberalization …. Financial liberalization helps workers smooth consumption, but at the cost of higher household debt and larger current account …

Persistent link: https://www.econbiz.de/10009654172

Inequality, Leverage and Crises

Ranciere, Romain; Kumhof, Michael - International Monetary Fund (IMF) - 2010

The paper studies how high leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of the rich, a large increase in leverage for the remainder, and an eventual financial...

Persistent link: https://www.econbiz.de/10008777032