Changes in the price of nontradable goods relative to tradable goods account for roughly 50 percent of the cyclical movements in real exchange rates

We consider the problem of dividing a non-homogeneous one- dimensional continuum whose endpoints are topologically identi¯ed. Examples are the division of a birthday cake, the partition of a circular market, the assignment of sentry duty or medical call. We study the existence of rules...

A discussion of the importance for economics of Kydland and Prescott's (1982) classic "Time to Build and Aggregate Fluctuations". A report submitted to The Royal Swedish Academy of Sciences in support of the The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for Finn E....

One of the most striking regularities of the growth process is the massive reallocation of labor from agriculture into industry and services. Balanced growth models are commonly used in macroeconomics because they are consistent with the well-known Kaldor facts about economic growth. These...

This paper presents the different conferences held around the subject of the theory of economic growth.