Do Political Regimes Matter for Technology Diffusion?

Income Inequality Do Exchange Rate Regimes Matter?

In a recent report by the United Nations Development Programme it was argued that the two corner solutions dictated under the Washington Consensus have had adverse impacts on inequality, for they put developing economies at the risk of currency crises and large currency devaluations. The present paper thus intends to extend the discussion on optimal exchange rate regimes to the issue of income ...

Do Workers\' Remittances Matter for the Egyptian Economy?

Workers’ remittances constitute one of the most important sources of external finance for many developing countries. Although it shows a decreasing trend in recent years, Egypt after 1970s with her regular and massive labor migration to abroad has been still one of the gainer countries on remittances across the world. Empirical studies that implemented for various countries reveal workers’ ...

Do Nominal Rigidities Matter for the Transmission of Technology Shocks?

A commonly held view is that nominal rigidities are important for the transmission of monetary policy shocks. We argue that they are also important for understanding the dynamic effects of technology shocks, especially on labor hours, wages, and prices. Based on a dynamic general equilibrium framework, our closed-form solutions reveal that a pure sticky-price model predicts correctly that hours...

Multiple regimes of diffusion.

We consider the diffusion of independent particles experiencing random accelerations by a space- and time-dependent force as well as viscous damping. This model can exhibit several asymptotic behaviors, depending upon the limiting cases which are considered, some of which have been discussed in earlier work. Here, we explore the full space of dimensionless parameters and present an "asymptotic ...

An attitude diffusion model of the international clustering of political regimes