The authors provide an interactive partial equilibrium analysis of the welfare effects of a customs union, using Macromedia Flash. Although designed to replace face-to-face coverage, it could be used ...

Empirical tests of the New Keynesian Phillips Curve have provided results often inconsistent with microeconomic evidence. To overcome the pitfalls of standard estimations on aggregate data, a Full ...

I have observed and appreciated Olivier Blanchard’s intellectual journey over the last decade. It began in August 2008, with what must be regarded as one of the worst-timed papers in the history of ...