Review of Economic Analysis  

Michael Parkin

I investigate the effects of central bank independence and inflation targeting on macroeconomic performance in 26 advanced economies during the period 1980 to 2011. I find that both improve macroeconomic performance but inflation targeting is the more eff... see more

Richard J. Cebula

Unaccounted for currency in the U.S. is argued to reflect the presence of widespread income tax evasion. This empirical study seeks to identify determinants of the underground economy in the U.S. in the form of federal personal income tax evasion over the... see more

Michael N.A. Hinton, Thomas Barbiero, Min Seong Kim

Historians have claimed that Canadian manufacturing grew in the nineteenth century largely because of the National Policy tariff. In the case of the cotton textile sector,  our findings cast serious doubt on the long-standing idea that the National P... see more

Theodore Panagiotidis, Gianluigi Pelloni

This study revisits Lilien’s sectoral shifts hypothesis for the US. We employ quantile regression estimation in order to investigate the asymmetric nature of the relationship between sectoral employment and unemployment. Significant asymmetries emerge. Li... see more