• Article  

      Are any growth theories robust? 

      Durlauf, Steven N.; Kourtellos, Andros; Tan, Chih Ming (2008)
      This article investigates the strength of empirical evidence for various growth theories when there is model uncertainty with respect to the correct growth model. Using model averaging methods, we find little evidence that ...
    • Article  

      Global versus local shocks in micro price dynamics 

      Andrade, Philippe; Zachariadis, Marios (2016)
      A number of recent papers point to the importance of distinguishing between the price reaction to macro and micro shocks. We emphasize instead the importance of distinguishing between global and local shocks. We exploit a ...
    • Article  

      Macroeconomic adjustment and poverty in selected industrial countries 

      Pissarides, Christopher A. (1991)
      The business cycle affects the incidence of poverty, as shown by evidence from Australia, Sweden, the United Kingdom, and the United States. Many of the poor in these countries are outside the labor market, and transfers ...