Showing 1 - 10 of 249
fluctuations, raising the incidence of poverty. Drawing on micro-level data from South Africa and Tanzania, we examine the … that reducing consumption volatility would have on aggregate poverty. We then discuss coverage of consumption insurance …
Persistent link: https://www.econbiz.de/10014407884
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....
Persistent link: https://www.econbiz.de/10009621686
outcomes. It finds that while poverty has fallen across the region over the last two decades, inequality has increased …, dampening the impact of growth on poverty reduction. As a result, relative to other emerging and developing regions and to Asia …
Persistent link: https://www.econbiz.de/10014409435
poverty reduction. First, it examines the structure of economic growth and its proximate determinants in the two countries … economic growth and poverty reduction, particularly focusing on public policy mechanisms to reduce poverty and inequality …. Malaysia, unlike Pakistan, was able to sustain rapid economic growth with equally impressive reduction in poverty because the …
Persistent link: https://www.econbiz.de/10005248163
impacts of the growth process. Cognizant of the vulnerability of its large population below poverty, India's authorities have …
Persistent link: https://www.econbiz.de/10005768877
This paper uses the 1991 Indian trade liberalization to measure the impact of trade liberalization on poverty, and to … more exposed to liberalization were concentrated, experienced slower decline in poverty and lower consumption growth. The …
Persistent link: https://www.econbiz.de/10008671312
We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious 'buffer stock' model of optimal consumption in the presence...
Persistent link: https://www.econbiz.de/10009622528
Well-known empirical puzzles in international macroeconomics concern the large divergence of equilibrium outcomes for consumption across countries from the predictions of models with full risk sharing. It is commonly believed that these risk-sharing puzzles are related to another empirical...
Persistent link: https://www.econbiz.de/10012677771
Though theory suggests financial globalization should improve international risk sharing, empirical support has been limited. We develop a simple welfare-based measure that captures how far countries are from the ideal of perfect risk sharing. We then take it to data and find international risk...
Persistent link: https://www.econbiz.de/10012677878
This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in five dimensions. First, it is based on a very large and recent database, covering 165 countries from 1981 to 2012. Second, it conducts a robustness analysis across different...
Persistent link: https://www.econbiz.de/10012678775