Migration played a central role in industrialisation by reallocating labour from the countryside to urban areas and centres of manufacturing where it was in high demand, and better remunerated, with implications for economic growth and individual well-being. We investigate the labour market...

The concept of debit and credit balances implies that the state's financing deficit can be reduced only when the business sector and the foreign sector at the same time assume more debts or when private households reduce their surplus. This working paper investigates how economic policy can...

The concept of financial balances implies that the general government balance can be improved only if the enterprise sector and the foreign sector simultaneously increase their financial deficits and the household sector cuts its surplus. This paper explores how these adjustments can be...