This research Note has two complementary theoretical objectives. First, we shall attempt to
place the form of interest representation and the involvement of interest groups in policy …

A comparison of the effects of exogenous shocks to global crude oil production on seven
major industrialized economies suggests a fair degree of similarity in the real growth …

In all modern industrial countries, redistributive expenditures are a larger component of the
government budget than consumption of goods and services. In this paper, we use a …

The aim of this paper is to investigate the links between oil prices and various
macroeconomic and financial variables for a large set of countries, including both oil …

I am grateful for the constructive criticism of three referees as well as for helpful comments
from Roy Cromb, Andrew Holder, Chris Pissarides, and Asbj0rn R0dseth. Financial …

While the early history of the Phillips curve up to 1975 is well known, less well understood is
the post‐1975 fork in the road. The left fork developed a theory of policy responses to supply …

Abstract Around 1974-75, output growth and associated productivity measures dropped
sharply in the United States and in most other western industrialized nations and continued …

The paper conjectures that the high unemployment of the Western economies has been
produced by the decline of the private house-rental market and the rise of home-ownership …