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

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

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

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

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

The relationship between a venture capitalist and an entrepreneur is modeled to investigate the impact of public subsidies on venture...

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

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

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...

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

This paper seeks to contribute to the ongoing controversy on the distributional effects of structural reforms in developing countries....

Combining a Dynamic Computable General Equilibrium (DCGE) model of the Yemeni economy with a microsimulation model that captures the...

In August 2014, the Russian Federation implemented an embargo on select food and agricultural imports from Western countries in...

Whereas technical standards and Standard Setting Organizations (SSOs) are omnipresent and essential to mass production and mass...

The extensive margin of bilateral trade exhibits a high level of persistence that cannot be explained by geography or trade policy. ...

We analyze cyclical co-movement in credit, house prices, equity prices, and long-term interest rates across 17 advanced economies....

We investigate the export-enhancing effect of foreign workers at the firm level. We first develop a theoretical framework of...

This paper uses data for Indian firms over the period 1987 to 2016 to estimate a panel data model that considers firm heterogeneity to...

We analyze the dynamics of the Japanese board network from 2004 until 2013. We find that the network exhibits some clustering with...