type="main" xml:lang="en" <p>This paper builds on earlier work that used a general-equilibrium model to show that reducing employment of unauthorized immigrants in the United States through a tighter border-security policy lowers the average income of legal residents. Here we exploit further the...</p>

The welfare consequences of eliminating the shortage economy for the representative Russian household are quantitatively assessed. Before price liberalization, households either bought goods and services at state prices and paid searching and queuing costs, or they bought on parallel markets at...

This paper treats inflation in Ukraine between 1993 and 1996 as an essentially monetary phenomenon: price increases are dtermined in such a way as to bring the real value of the supply of money into balance with real money demand. Cointegrtaion techniques are used to estimate long-run money...