"The course of events during the nineteenth century favored such ideas [as price stability] ... the remarkable feature of this long period was the relative 'stability' of the price level. Approximately the 'same' level of price ruled in or about the years 1826, 1841, 1855, 1862, 1867, 1871 and...

The economic literature acknowledges that to avoid the resource curse, resource-rich countries should restrict fiscal expansion and save a significant part of resource revenues outside the domestic economy. However, in these countries governments tend to ineffectively spend a considerable part...

This research studies the specific determinants of the choice of exchange rate regime in resource-rich countries. We run multinomial logit regressions for an unbalanced panel data set of 145 countries over the 1975-2004 period. We find that resource-rich countries are more likely to adopt a...

This research studies the specific determinants of the choice of exchange rate regime in resource-rich countries. We run multinomial logit regressions for an unbalanced panel data set of 145 countries over the 1975-2004 period. We find that resource-rich countries are more likely to adopt a...