This paper suggests a new methodology which allows to show whether worldwide growth has been favourable to developing economies, and a new measure to assess international income mobility across countries. The empirical illustration considers a panel of 123 countries observed over the years...

An influential school of thought views the current international monetary and financial system as Bretton Woods reborn. Today, like 40 years ago, the international monetary system is composed of a core, which has the exorbitant privilege of issuing the currency used as international reserves,...

L'objet de cet article est d'utiliser les developpements recents de l'econometrie des panels dynamiques non stationnaires afin d'examiner la robustesse du concept de PPA pour un echantillon de 73 pays developpes et en developpement. Nos investigations revelent que la forme forte de la PPA est...

In recent years, an ample literature has emerged on the evolution of global inequality during the last two decades. A few stylized facts emerge. If one weights countries by their population, then inequality across countries has declined. However, if one treats countries equally – as in the...