This paper estimates a series of shocks to hit the US economy during the Great Depression, using a New Keynesian model with unemployment and bargaining frictions. Shocks to long-run inflation expectations appear to account for much of the cyclical behavior of employment, while an increase in...

The transformation of Ireland from one of the poorer countries in Western Europe to one of the best performing is one of the most remarkable economic success stories in recent times. The ten papers in this collection were presented at a conference at Lehigh University in March 2001. Written from...

"This comprehensive overview of the modern Chinese economy by a noted expert on China's economic development offers a quality and breadth of coverage not found in any other English-language text. In The Chinese Economy, Barry Naughton provides both an engaging, broadly focused introduction to...