Many political economic theories use and emphasize the process of voting in their explanation of the growth of Social Security, government spending, and other public policies. But is there an empirical connection between democracy and Social Security program size or design? Using some new...

I consider some of the leading arguments for assigning an important role to tracking the growth of monetary aggregates when making decisions about monetary policy. First, I consider whether ignoring money means returning to the conceptual framework that allowed the high inflation of the 1970s....

This paper provides simple, transparent intuition for the perhaps surprising and certainly widely debated empirical findings of "environmental Kuznets curves", i.e. U-shaped relationships between per-capita income and indicators of environmental quality. We consider one possible component of...

Mundell's role in the development of the international macroeconomic model and influences from his predecessors and contemporaries. Closing remarks cover some limitations of the model and opportunities for its use in the future.

Turnover falls with tenure ¡ª this is one of the best established empirical regularities of labor economics ¡ª but finding a tenure effect on wages seems to be very hard. Within-job wage cuts do not seem very uncommon either. We reconcile these findings by revisiting an old question: how...