This paper tests the hypothesis that the links and leadership/dependency relationships between the People's Republic of China (PRC), the United States (US), and the other large Asian economies have changed over the past 20 years with the industrialization of the PRC economy. We use time-varying...

The accumulated, persistent trade and economic imbalances between the South euro area (SEA) and theNorth euro area (NEA) countries brought about severe strains for the euro following the global financialcrisis of 2008. This paper assesses alternative scenarios suggested to restore the trade...

This paper establishes some stylized facts of the long run relationship between growth and labor shares using historical data for the United States (1898-2010), the United Kingdom (1856-2010), and France (1896-2010). Performing individual country time-frequency analysis, we demonstrate the...