This paper investigates the nature of income inequality across nations. Several exercises, such as variance decompositions, simulations and counter-factual analyses are performed. We find that, although total factor productivity has a leading role in explaining the dispersion of output per...

Aggregate economic growth is studied using Cobb-Douglas production functions. For Taiwan, new capital stock and human capital data are constructed. We find a constant labor exponent of about 0.7, assuming constant returns; a constant rate of increase in total factor productivity (TFP) of about...

This paper empirically tests the Kumara Swamy Theorem of the Inflationary Gap for 27 European Union countries over the period 1999-2011. The study obtained data from the World Bank's World Development Indicators database for each country's money supply, Gross National Income (GNI) and Consumer...

In this paper, we present a new indicator to measure the media coverage of inflation. Our Inflation Perception Indicator (IPI) for Germany is based on a corpus of three million articles published by broadsheet newspapers between January 2001 and November 2022. It is designed to detect thematic...

The author shows that different approaches to income comparisons both on country and regional levels may lead to conflicting conclusions concerning the catching-up. It is argued that current PPPs (Instead of constant PPPs) give more reliable picture of per capita GDP convergence process on...

We analyse the development of labour productivity and hours worked by the working-aged population in the EU25 countries and other OECD countries in 1960-2004. We emphasise the possible effects of taxes, benefits and other labour-market variables. First, we describe the trends in productivity and...