In the standard New Keynesian sticky price model the central bank faces no contradiction between the stabilization of inflation and...

The paper analyzes the effects of increasing capital market integration on production and market structures, trade and capital flows...

This paper presents a simple experiment on how laypeople form macroeconomic expectations. Subjects have to forecast inflation and GDP...

This paper documents a puzzling fact, namely that there is a significant negative relation between employment protection legislation...

During the last two decades, the degree of openness of national financial systems has increased substantially. At the same time,...

This paper explores the interrelations between economic growth, international trade and environmental degradation both theoretically...

This paper explores the interrelations between economic growth, international trade and environmental degradation both theoretically...

Abstract We used the GTAP-W model - GTAP version 5 with water resources added - to estimate the impact of hypothetical Doha-like...

We used that GTAP-W model – GTAP5 with water resources added – to estimate the impact of hypothetical Doha-like liberalization of...

This paper presents a simple experiment on how laypeople form macroeconomic expectations. Subjects have to forecast inflation and GDP...

This paper analyses the ECB communication, focusing in particular on its transparency dimension. We posit that if the ECB is...

Most people accept that structural and labour market reforms are needed in Europe. However few have been undertaken. The usual...

To investigate the link between rising global temperature and global energy use, we estimate an energy demand model that is driven by...

The production of bioenergy is considered to be a promising energy source for a sustainable energy mix and it is politically promoted...

Releases of the GDP are subject to revisions over time. This paper examines the predictability of German GDP revisions using forecast...