In the last years, Economic History literature has paid close attention to the long-term changes undertaken by regional income inequality in different countries after the integration of their domestic markets. Nevertheless, this literature has mainly focused on developed economies (US and...

Budget forecasts have become increasingly important as a tool of fiscal management to influence expectations of bond markets and the public at large. The inherent difficulty in projecting macroeconomic variables – together with political bias – thwart the accuracy of budget forecasts. We...