development—three low-income countries (Uganda, Kenya, Mozambique), and three emerging market countries (Malaysia, the …

drastically. Income poverty remains high. People’s access to energy, water, communications, education, and health services …

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 …

We revisit Lipset‘s law, which posits a positive and significant relationship between income and democracy. Using … dynamic and heterogeneous panel data estimation techniques, we find a significant and negative relationship between income and … democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …

€˜buffer stock’ model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the model …