This paper identifies and discusses important political and economic aspects of Turkish accession to the EU. Under the present rules, Turkey’s size would give it the greatest number of votes within twenty years and its low income and dependence on agriculture the largest net transfer from...

This paper studies the interaction between time inconsistency problems in labor market policy and monetary policy. When both policies are discretionary, there is a positive inflation bias, whereas the bias in labor market programs may be either positive or negative. A commitment of labor market...

Recent studies of trends in the distribution of income across countries and globally have produced highly conflicting results. Several studies, including some from the World Bank and UNDP, have reported that income disparities between nations have more than doubled since 1960. Other...