to significant and persistent reductions in disposable income, along with increases in unemployment, income inequality …, which be associated with an increase in poverty of about 75 million people. Policy responses more effective than those in …

We identify structural breaks in economic growth in 140 countries and use these to define ""growth spells:"" periods of … high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to … be shorter in African and Latin American countries than elsewhere. We find that growth duration is positively related to …

, combining pure economic disturbances (to growth, interest rates, and exchange rates), the endogenous policy response to these …

and capital account liberalization seem to increase both growth and inequality, as do some measures of liberalization of … entail no growth-equity tradeoff-such reforms are good for growth and do not worsen inequality. The results for our index of … the growth gains from the reforms themselves? While higher inequality does dampen the growth benefits, the net effect on …

The effect of the exchange rate regime on inflation and growth is examined. The 30-year data set includes over 100 … anti-inflationary benefit reflects lower money supply growth (a discipline effect) and higher money demand growth (a … credibility effect). Output growth does not vary significantly across regimes: Countries with pegged regimes invest more and are …