The Kuznets hypothesis, that is, inequality first rises and then falls as the economy advances, is often tested by regressing inequality on income and its squared term (along with other determinants). Findings of a significantly negative coefficient on income and a significantly positive...

In a recent interesting paper, Frank (2009) investigated the long-run inequality--growth nexus with a large panel of annual data for the 48 states in the United States over the 1945 to 2004 post-war period. By implementing the Pooled Mean Group (PMG) estimators, Frank (2009) concluded that there...

This article explores the treatment effects of inflation targeting (IT) on unemployment rates across a large panel of 74 countries over the 1980--2010 period. By addressing the 'self-selection' problem of policy adoption via a variety of propensity score matching algorithms, we first find that,...

This article empirically tests for convergence in Consumer Price Indices (CPIs) across 17 major cities in the United States over the period 1918 to 2008. Although the conventional panel unit root tests generally fail to reject the null hypothesis of nonstationarity, the panel LM tests of Im et...