In this paper we examine some testable implications of growth theories based on threshold externalities and complementarities. Specifically, we use industry data for a set of eight emerging economies in East Asia and Eastern Europe to perform general tests of the big push industrialization...

There is little agreement on how to measure seigniorage changes and their sources in a monetary union. This paper informs the debate by developing a modular approach that distinguishes between seigniorage changes a country experiences during the transition phase prior to joining a monetary union...

In this paper we examine some testable implications of growth theories based on threshold externalities and complementarities. Specifically, we use industry data for a set of eight emerging economies in East Asia and Eastern Europe to perform general tests of the big push industrialization...

The paper reconsiders Friedman's (1977) proposition that increased inflation uncertainty may have adverse real effects for the German case. A proxy for the unobservable uncertainty variable is obtained from the Kalman-filtering estimation of a time-varying parameter model of inflation. The...

Using telephone and Internet (web-based) survey samples for a national advisory referendum, this study investigates whether the underlying preferences across two survey modes are equivalent. Results from a structural test support the conclusion of common preferences.