enhancing the LSAP's effect to keep term premiums low. Estimation results also reveal a diminished effectiveness of the LSAP …

-led growth model. Between Chinese households, we find that the most important factors explaining income inequality are location …This paper uses the Shapley Value decomposition technique to assess the factors behind the rise of inequality in China …. It finds that, in many ways, inequality may have been an inevitable by-product of China’s investment and export …

Despite the rapid economic growth and poverty reduction, inequality in Asia worsened during last two decades. We focus … – a measure of growth in average income “corrected†for the equity impact—ranges from about 1 to about 8 …

always increase the welfare of savers, but their effects on borrowers depend on the shock that hits the economy. In …

outcomes. It finds that while poverty has fallen across the region over the last two decades, inequality has increased … increase spending on health, education, and social safetynets; labor market reforms to boost the labor share of total income …