How can one tell whether academic research influences macroeconomic policy? One possibility is to look at government documents that set forth macro policy. This paper looks for such traces in U.S., European and Japanese documents. Because of ease of access it focuses on U.S. documents. Numerous...

Public choice economics, like most economics, typically assigns only a small role to various forms of talk between individuals. By contrast, throughout Richard Wagner's oeuvre, there is an undercurrent of talk about talk. This essay argues that talk matters because of two key assumptions in...

In this article we test the relationship between per capita income differential and exchange rate differential between two different economic background countries. Recent researches have been done on the testing of international Fisher effect, Interest rate, GDP growth rate and purchasing power...

There is a consensus among the majority of economists that the credit supply is limited by current household saving. If governments or foreigners ran deficits, they would absorb this limited saving so that firms could not borrow any longer and had to reduce their investment. This is the...

Foreign trade statistics are the main data source to the study of international trade. However its accuracy has been under suspicion since Morgernstern published his famous work in 1963. Federico and Tena (1991) have resumed the question arguing that they can be useful in an adequate level of...

This paper seeks to address shortcomings in the growth literature – neoclassical growth theory and growth accounting. Specifically, the paper reformulates our understanding of the process of technical change, so that we view Hicks- and Harrod-neutral technical change as consistent, inseparable...

This paper will provide information on what happened in the financial crisis of 2008 and how to graph volatility outside of the option market. We will investigate the causes of the financial crisis, as well as some of the social inequalities that still exist today. We will explore household...

This paper analyzes the evolution of economic history in the last 65 years. It argues that economic history has followed a path that goes from the strictly use of standard economics applied to economic past (i.e. cliometrics), to a general formal reflection of social history based on more...

Journals moderate knowledge activity in economics. The activity of publishing article in professional journal forms significant part of knowledge output. Output of economics articles has been growing over the time. We examine an important question: Is there any case of institutional or location...