Growth Incidence Curve (GIC): The Growth Incidence Curve is a conceptually useful tool to analyze the impact of aggregate economic growth over a wide range of the distribution (Ravallion and Chen, ...

Some parts of the economy may experience strong growth while others continue to decline. The meaning of a K-shaped recovery depends on the choice of how to disaggregate data across the economy.

Economic theory suggests that reasonable levels of ... To identify the turning point of the debt-growth Laffer curve (point A in Chart 3), we use two alternative nonlinear specifications: a quadratic ...

A yield curve is a graph on which bonds are represented ... which almost always indicates a recession. When economic growth stalls or recedes, corporate profitability suffers, and as a consequence ...