This paper examines the synchronization in business and financial cycles both across and within a representative sample of Eurozone countries.

Fairtrade is nurtured with stories aimed at making consumers feel good by buying Fairtrade products. This ‘feel-good’ factor may vary when it is found that, the proportional division of the benefits between producer and other potential gainers is biased towards the distributors. There is,...

Robbins’s central contribution to the debate on market versus plan links with identification of economics as science of how societies handle scarcity, a central contribution of the Essay. This was not a narrow focus on static efficiency; inflation was a key part of Robbins’s conception of...

Today's global economy, with most developed nations experiencing very low inflation, seems a world apart from the "Great Inflation" that spanned the late 1960s to early 1980s. Yet, in this book, Brigitte Granville makes the case that monetary economists and policymakers need to keep the lessons...

We explore the impact of institutions on technological change in a transition economy. We use regional panel data for Russia’s 89 regions and republics during the period of recovery and growth from 1998 to 2004 to show the impact of large variation in institutional development, ranging from...