Introduction -- Nixon and Kissinger -- China reforms from 1978 to 1990 -- China from 1990 forward -- China's currency manipulation -- US foreign direct investment (FDI) -- European foreign direct investment -- China foreign direct investment in the United States -- China foreign direct...

The cyclicality of real wages has important implications for the validity of competing business cycle theories. However, the empirical evidence on the aggregate level is inconclusive. Using a threshold vector autoregressive model for the US and Germany to condition the relationship between real...

Why have the real (consumption) wages of U.S. workers risen since the nineteenth century? Some economists answer that increases in real wages have followed increases in labor productivity over time. In this paper, this hypothesized association is confronted with annual observations of changes in...