We review research on the impact of immigration on income distribution, surveying studies from a variety of countries. Immigration may affect the skill composition of a country's residents and also, by changing relative factor supplies, its relative factor prices. As background, we provide...

We explore the welfare costs of inflation originating from lack of liquidity satiation for Weimar Republic's hyperinflation and three high-inflation countries. Towards the peak of Weimar's hyperinflation the costs are estimated to have been equal to nearly 20 per cent of income. For Israel,...