High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income inequality and widening gaps between rich and poor, and urban and rural. It is therefore it is important to examine the interrelationships between inequality and economic growth. This...

Die Diskusssion über die Auswirkungen des allgemeinen gesetzlichen Mindestlohns in Deutschland ist in vollem Gange. Erste Evaluationsergebnisse zeigen, dass der Mindestlohn in Deutschland nur einen moderaten Beschäftigungsverlust nach sich zog, wobei langfristige Auswirkungen zum jetzigen...

We use Bayesian time-varying parameters VARs with stochastic volatility to investigate changes in the marginal predictive content of the yield spread for output growth in the United States and the United Kingdom, since the Gold Standard era, and in the Eurozone, Canada, and Australia over the...

With unemployment in the OECD countries approaching 30 millions, and with the Mitterrand regime providing yet another example of the failure of demand-led attempts at growth, this article considers the possibility of the advanced industrialised countries returning to a pattern of rapid growth...