This paper focuses on the role of institutions in the fight against poverty and inequality. Our view of institutions … to the concepts of poverty, inequality and institutions are expounded on a priori reasoning, empirical analysis with LAC …-income poverty à la capability approach of Amartya Sen) allows a rich discussion of policy interventions. While both orientations as …

Can a major shock in childhood permanently shape trust? We consider a hunger episode in Germany after WWII and … construct a measure of hunger exposure from official data on caloric rations set monthly by the occupying forces providing … regional and temporal variation. We correlate hunger exposure with measures of trust using data from a nationally …

partly to the redistributive effect of education spending. In the model income inequality and growth depend in an inverted U … requires more resources, which lowers pre-tax and post-tax income inequality as well as growth. Using consistently defined … inequality in rich countries. It is argued that using some unadjusted inequality measures in growth regressions may yield …

We discuss the sustainability of Chinese high growth relative to growth experience elsewhere, and specifically Soviet … Russia in the 1950s to the 1960s by asking if the aggregate technology can eventually similarly constrain high growth … that the substitution elasticity is greater than one. We then discuss how sub aggregate high growth can occur when there …

the relationship between economic growth and income inequalities. The main objective is to understand how the GDP and GNI … per capita affect income inequality and how they differ. The results suggest a U-shaped relationship of both measures of … economic growth with the market and disposable Gini indexes, the Palma and S80S20 ratios, and the income of the wealthier 10 …

We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …

We explore the impact of large banks and of financial openness for aggregate growth. Large banks matter because of …-level do not cancel out in the aggregate but can affect macroeconomic outcomes. Financial openness may affect GDP growth in and …. Second, financial openness lowers GDP growth. Third, granular effects tend to be stronger in financially closed economies. …