-run money demand for Ghana. The results provide strong evidence for the presence of a stable, well-identified long-run money …

We examine the role of global and domestic shocks in driving macroeconomic fluctuations for Ghana. We are able to study …. We find that global shocks play a more dominant role in South Africa than in Ghana. These shocks operate through three …

This 2013 Article IV Consultation highlights that economic growth in Ghana continued at a robust pace of 8 percent in …

has created significant challenges for Ghana. A swift return to macroeconomic stability in 2013 was thwarted by weaker …

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 …

larger has been the role of the declining share of household income in national income, which has occurred across …-the-board in wages, investment income, and government transfers. The paper finds that financial sector weaknesses, by restricting … income shares low and on a declining trend. …

This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade … leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate … of the economy. Using a dynamic panel data model, the hypotheses of no long-run effects of trade on income and on 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 …