The conditions under which European monetary policy is likely to be conducted are investigated by means of multi-variate time series modelling using aggregated data of all eleven European Monetary Union member states. A cointegration analysis identifies two stable long-run relationships within a...

This project employs the theory of equality of opportunity, described in Roemer's book (Equality of Opportunity, Harvard University Press, 1998), to compute the extent to which tax-and-transfer regimes in ten countries equalize opportunities among citizens for income acquisition. Roughly...

We compare patterns of movements into and out of poverty by children in Britain and Germany using data from the British Household Panel Survey and the German Socio- Economic Panel for the period 1992-7. Compared to Germany, in Britain poverty persistence is greater, and poverty exit rates in...