We characterise the evolution of the U.S. unemployment-inflation tradeoff since the late XIX century era via a Bayesian time-varying parameters structural VAR. The Great Inflation episode appears as historically unique along several dimensions. In particular, the shape of the "Phillips loop" -...

The rise of China and its integration with the rest of the world is probably one of the most important developments in today's global economy, but what impacts has China's rise had on the neighboring economies of East Asia? This book brings together research for those who wish to understand...

"The Korean peninsula during the Cold War provided a cruel but historically unparalleled real-world "experiment" in the relationship between polity and material advance: an ethnically and culturally homogenous nation was, in 1945, suddenly divided by an arbitrary boundary line and then subjected...