This paper introduces various sources of consumer heterogeneity in one-sector representative consumer (RC) growth models and develops tools to study the evolution of the distribution of consumptions, assets and incomes.[...]

Is there any systematic explanation of variations in the cost of debt servicing over time and across countries? This paper examines the influence of fiscal variables on borrowing costs in a panel of OECD countries, showing that these variables have a significant role. In particular, an...

The study focused on a cross-section of countries observed in the mid-1990s, so the conclusions from that effort are beginning to be a bit dated. In addition, signi cant revisions of the data underlying the 2005 paper have been published. Last but not least, in the intervening years become aware...