“...This paper examines the effect of income inequality on individual wellbeing. The results show that those in the lowest twenty percent of income distribution...”

“...This paper integrates trade and macro theory to provide a two-country, multi-product framework, including debt servicing and profit repatriation in the current...”

“...An explicitly specified macro model of exchange rate determination is integrated with a model of trade account hysteresis. In this macro model, flow imbalances...”

“...Many governments have a long-run target of lowering budget deficits in the future through current deficit spending, relying on economic growth to deliver their...”

“...This paper extends the previous literature on multiple growth equilibria by constructing a multisectoral open economy small macro model. We consider the...”

“...This paper shows, within an overlapping generations insider-outsider model, that, in the presence of training costs, there may be multiple employment...”

“...A non-linear model is presented to give a global analysis of international debt and trade. It offers an alternative to the sunk–cost explanation of hysteresis,...”