In this paper, first, we examine the history records of macroeconomic policies and identify the disinflation episodes in China since 1978 and then measure the costs of disinflation by employing the narrative method. Second, after introducing a bench-mark search model, and estimating the...

This paper provides compelling evidence that equity market liberalization, the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality through increasing the accumulation of human capital. We examine the impact...

1. Introduction: The journey begins -- 2. Central and Eastern Europe: A brief history of trade between 1945-1989 -- 3. The Fall of the “Iron Curtain”: Can the Central and East European Countries (CEECs) Face the Challenge of Trade-Restructuring and Integration? -- 4. CEECs and EU in Trade...

. In 1990-1991, worldwide military expenditure amounted to $950 billion. This bill could be reduced by the year 2000 by over $300 billion.. . Excessive military expenditure jeopardizes development prospects. . Policies to achieve transparency and to strengthen military security arrangements...

. Les dépenses militaires mondiales représentaient 950 milliards de dollars en 1990-1991. Cette facture pourrait être réduite de plus de 300 milliards d'ici l'an 2000. . Des dépenses militaires excessives compromettent l'avenir des pays en développement. . Améliorer la transparence des...

This paper provides compelling evidence that equity market liberalization, as the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality by promoting increased human capital accumulation. The authors examine...

This paper provides compelling evidence that equity market liberalization, the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality through increasing the accumulation of human capital. We examine the impact...