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"The idea that developing countries face a trade-off between poverty and inequality has had considerable influence on thinking about development policy. The experience of developing countries in the 1990s does not, however, reveal any sign of a systematic trade-off between measures of absolute...
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and elevated inflation. Globally, environmental sustainability is becoming central to the economic agenda. The challenge …
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"An AIDS epidemic threatens Ethiopia with a long wave of premature adult mortality, and thus with an enduring setback to capital formation and economic growth. The authors develop a two-sector model with three overlapping generations and intersectorally mobile labor, in which young adults...
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"This paper examines the effects of inflation targeting on industrial and emerging economies' output growth over the … systematic positive and significant effects of inflation targeting on real output growth. In dynamic models, the findings show … strong output persistence in industrial economies, in which partial and full inflation targeting regimes have a positive long …
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