Previous papers dealing with the dynamics of income distributions have generally assumed stationary transition probabilities, effectively ruling out the possibility that intra-distribution dynamics change over time. This paper shows that the Chapman-Kolmogorov equation can be used to capture...

According to the Theory of Optimal Currency Areas, one of the main costs that EMU may entail for countries and regions belonging in it is the loss of monetary autonomy at the country level. In fact, the scenario brought about by the single currency does not allow for domestic policy adjustments...

The aim of the paper is to analyse how the regional convergence, polarization and mobility have evolved in the EU from 1980 onwards. Using both simple and weighted indicators, the paper not only shows that all these three processes have been going on but that there are no sings of polarization...