This paper analyzes the impact of macroeconomic activity on the level of poverty in the U.S. economy. The authors us e a macroeconometric model of poverty in the United States where the rat e of poverty is presumed to depend upon changes in various indicators of macroeconomic performance and...

A multidimensional approach to measuring the quality of life across countries is introduced. The author operationalizes A. Sen's concept that other factors besides gross domestic product and mortality rates should be incorporated into any quality of life analysis. This paper examines twenty...

This paper utilizes the generalized Fechner-Thurstone direct utility function to see if relative price changes in neighboring countries affect the preference structure of the host country. The authors analyze the case of Canada, Mexico, and the United States. They utilize the generalized...

This paper reexamines the "cost of business cycle" calculations made by Lucas ("Models of Business Cycles," Basil Blackwell, New York, 1987) and Imrohoroglu (J. Polit. Econ. 97 (1989), 1364-1383) under alternative specifications of individuals' risk preferences and using alternative...

What can account for the different contemporaneous inflation experiences of various countries, and of the same country over time? We present an analysis of the determination of inflation from a political economy perspective. We document a positive correlation between income inequality and...