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 …

of openness on poverty in two components: the effect of openness on average income growth, and the effect on distribution … of growth and poverty reduction. Trade openness has important positive spillovers on other aspects of reform, however, so …This survey of the recent literature asks: how important is trade policy for poverty reduction? We consider the effects …

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 …

We examine the behavior of forecasts for real GDP growth using a large panel of individual forecasts from 30 advanced … validity of the sticky information model (Mankiw and Reis, 2002) for describing the dynamics of professional growth forecasts …

We document information rigidity in forecasts for real GDP growth in 46 countries over the past two decades. We … forecasters incorporate news about growth in other countries into their growth forecasts, with a focus on how advanced countries …‘ growth forecasts incorporate news about emerging market growth and vice versa …