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Persistent link: https://www.econbiz.de/10012123569
Structural change has a far-reaching impact on inequality. It exposes the population to challenges and opportunities …. Foreign trade and technological progress have been widely put forth as a structural driver of inequality. Broader structural … change, such as demographic transition, can also impinge upon inequality. Structural change in developing Asia has been …
Persistent link: https://www.econbiz.de/10010397258
Persistent link: https://www.econbiz.de/10012041624
Structural change has a far-reaching impact on inequality. Extensive structural change is both a cause and consequence … a historically unprecedented rate. The region has already begun the difficult and complex task of addressing inequality …
Persistent link: https://www.econbiz.de/10010840219
The authors examine the extent to which permanent terms-of-trade shocks have an asymmetric effect on private savings. Using a simple three-period model, they show that if households expect to face binding constraints on borrowing in bad states of nature (when the economy is in a long trough...
Persistent link: https://www.econbiz.de/10005129294
This paper evaluates the impact of international reserves, terms of trade shocks and capital flows on the real exchange rate (REER). We observe that international reserves cushions the impact of TOT shocks on the REER, and that this effect is important for developing but not for industrial...
Persistent link: https://www.econbiz.de/10010322720
the associations of growth level, growth volatility, shocks, institutions, and macroeconomic fundamentals have changed in …, including global growth, global oil prices, and global financial volatility. After accounting for the effects global shocks, we … rate flexibility, education attainment, and lack of political polarization reduce the volatility of economic growth …
Persistent link: https://www.econbiz.de/10012064688
This paper evaluates the impact of international reserves, terms of trade shocks and capital flows on the real exchange rate (REER). We observe that international reserves cushions the impact of TOT shocks on the REER, and that this effect is important for developing but not for industrial...
Persistent link: https://www.econbiz.de/10010285305
, effectively lowering its volatility. We also show that relatively small increases in the average holdings of reserves by Latin … substantially REER volatility. …
Persistent link: https://www.econbiz.de/10010288117
Persistent link: https://www.econbiz.de/10000614411