The current global economic crisis has brought to the forefront of scientific research the issues of business cycles, particularly highlighting signals that predict ruptures in the normal dynamics of macroeconomic fluctuations. In this sense a very important concern for the specialists relates...

This paper explains the early U.S. Department of Commerce estimates of national income and product during the 1930s and 1940s, focusing on how both economic theory and the needs of policymakers influenced the methods and concepts used. The paper explores the debate between Simon Kuznets, author...

The purpose of this paper is to present a model that circumvents the requirement of explicitly setting a period in which the fiscal budget is to be balanced, yet implies that increases in the growth of public debt are bound to increase inflation when there is no perceived commitment to reduce...