Before the twentieth century, inflation was more or less sporadic. There were intermittent episodes of runaway prices, superimposed on a general upward tilt in prices. We are now in the Age of Inflation; inflation has become a way of life. The public focuses particularly on short-term price...

Should tax reforms be guided by rules of thumb suggested by the IMF, or directions or reform based on analytical approaches, such as optimal tax theory? In many cases, the applications of the directions of reform—which suggest a differentiation of the structure given distributional, incentive...

The naturalization of asylum seekers is modeled as an economic problem. In choosing their level of investment in host-country-specific human capital, asylum seekers take into consideration the probability of their being naturalized. The government of the host country chooses the probability of...