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August 2006

Financial Development and Poverty

Ignacio Hernandez's picture

From Raj Nallari and Breda Griffith's lecture notes.

 

A large body of both theoretical and empirical literature supports a positive causal link between a well-functioning financial system and economic growth.   In particular, the economic growth studies of the last decade show that financial depth causes economic growth and that it is one of the few robust determinants of the subsequent growth path of countries.

 

Fridays Academy: Inflation, growth and the poor

Ignacio Hernandez's picture

From Raj Nallari and Breda Griffith's lecture notes

 

Inflation and Economic Growth

 

While inflationary policies can provide a short-run stimulus to economic growth, the economic literature suggests that, over the medium and long term high rates of inflation are bad for economic growth.  Cross-country studies show that those countries with consistent positive growth records have on average much lower rates of inflation.

 

2006 Global Development Awards and Medals Competition

Ignacio Hernandez's picture

Submissions are accepted for the forthcoming Annual Awards and Medals Competition oganized by the Global Development Network (GDN), which carries prizes in cash and travel of over US   $200,000.  Submissions can be for a new research proposal or for a completed research paper. The last day for submissions is September 17, 2006 .