correlates positively with income and exhibits large differences across space and time, our findings suggest that tradable and …

This paper examines the macroeconomic impact of migration on income convergence in the EU's New Member States (NMS …

Exporters of exhaustible resources have historically exhibited higher income volatility than other economies … exhaustible resource revenues in future income. The parameterized model fares well at capturing current account balances in both …

simple metric that quantifies the associated income windfall. We also document saving patterns during these episodes and … propose a measure of how much of the income windfall was saved. We find that Latin America‘s terms-of-trade shocks of the last … post-boom income, the composition of such savings matters. Specifically, in past episodes, savings allocated to foreign …