This paper surveys the empirical literature on the association between growth on inequality in less developed countries, with a particular emphasis on labor market inequality. Cross-country studies failed to find a clear link from growth to inequality. Country-specific studies that focused on...

The relationship between the distribution of political rights and that of economic resources has been studied both theoretically and empirically. This paper reviews the exsisting literature and, in particular, the available empirical evidence. Our reading of the literature suggests that formal...

Recent theoretical developments in exchange rate economics have led to important new insights into the functioning of the foreign exchange market. The simple models of the 1970s, which could not withstand empirical evaluation, have been succeeded by more complex models that draw on theoretical...