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

This paper evaluates the proposal that government authorities ought to target nominal income. It begins by viewing the … large country. There is then a general discussion of various issues posed by nominal income targeting. Finally, the paper … favor of nominal income targeting. When more realistic assumptions are made or econometric simulations are undertaken the …

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 …