Collective values, behavioural norms and rules: building institutions for economic growth and poverty reduction / Ke-young Chu -- Institutional capital and poverty: a transition perspective / Syed Ahsan -- Why is so little spent on educating the poor? / Tony Addison and Aminur Rahman -- The...

This paper presents empirical evidence supporting the proposition that there is a significant asymmetry in the U.S. output-inflation process, which implies that excess demand conditions are much more inflationary than excess supply conditions are disinflationary. The important policy implication...