This paper introduces a coherent framework for analyzing the role of discount window aspects of monetary policy. It deals explicitly with discount window regimes used by European central banks. In many European countries, commercial banks have virtually limited access to borrowed reserves. The...

In an analysis of the relative income, or relative consumption, hypothesis, it is shown that if the ratio of agent i's consumption to agent j's consumption enters into the utility function, a tax on labor income may increase welfare for all agents. If pretax wage inequality is low, all agents...

This paper surveys the history of The Scandinavian Journal of Economics and the early contributions of Davidson, Wicksell, Cassel, Heckscher, Ohlin, Myrdal, and Lindahl. It also analyzes the population dynamics of economics journals. Finally, it addresses some issues concerning the publishing...