The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for considering inequality and an inability to sustain economic growth as two sides of the same coin. Central to the...

This study investigates on relative importance of the synchronization of income inequality, measured by Gini coefficient, using a dynamic factor model. We find that the global factors are relatively stable while the regional factors have heterogeneous effects on income inequality fluctuation....

This study investigates the relative importance of synchronization of income inequality, measured by the Gini coefficient, using a dynamic factor model. This study finds that global factors are relatively stable, whereas regional factors have heterogeneous effects on income inequality...

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