inflation observed in the European catching-up countries, which suggests that other factors may be at play. In these and related … non-traded sectors) on the dual inflation differential is more than twice as large as that in the "flexible" countries. We … conclude that, in a catching-up country, premature euro adoption may foster excess inflation, beyond that which is to be …

they threaten the stability of the world economy. More recently, the government debt crisis of the European Union shows …

the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …

This paper presents new evidence on international trade and worker outcomes. It examines a big world event that … occurred in any of the world's four major currencies since the collapse of Bretton Woods. Exploiting this variation, the paper … respect to intermediate import prices to theory uncovers evidence of a production complementarity between workers and …