this study attempts to investigate the relationship between pollution and economic growth for two groups of countries according to environmental kuznets curve hypothesis for a sample of 24 developing countries and 26 oecd countries over the period 1980 - 2005. then, we examine this hypothesis using modern econometrics techniques including panel co-integration and panel unit-root. the panel data...

In an earlier paper, titled Non-linear effects of tax changes on output: The role the initial level taxation, we estimated multipliers using (i) a novel dataset value-added taxes for 51 countries (21 industrial and 30 developing) period 1970-2014, (ii) so-called narrative approach developed by Romer (2010) to properly identify exogenous changes. main finding is that, in line with existing theor...

Article history: Received 16 March 2014 Received in revised form 3 May 2015 Accepted 8 May 2015 Available online 15 May 2015 The lack of an observable variable measuring inflationary expectation has been a major difficulty in empirical work on hyperinflation. In this paper we propose a direct measure of expectations—the black-market interest rate in Shanghai—and study the behavior of money dema...

This paper takes a step toward providing a general equilibrium framework within which to study the nub of the current fiscal debate around the world: what are the tradeoffs between short-run stabilization and long-run sustainability when the perceived riskiness of government debt depends, in part, on the current and expected fiscal environment in place? We calibrate a simple model to Swedish fi...