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Increases in core inflation owing to the VAT hike were smaller than expected, initially constituting a puzzle and leading to speculation about delayed increases or competitive pressures. Given Germany’s large size and openness, spillover interactions appear to have increased over time. In...
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Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these...
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Recent cross country panel data studies find a positive impact of internet use on economic growth and a positive impact … of internet use on trade. The present study challenges the first finding by showing that internet use does not explain … highly correlated with internet use and the findings in the literature that internet use causes trade is confirmed here …
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