The connectedness of international equity markets can be measured building on the well-established forecast error variance decomposition framework. This approach permits the assessment of the propagation of shocks (spillovers) across equity markets on a day-to-day basis. The focus of our...

This work boasts a double objective: not only does it attempt to offer a complete panorama of the matching process in Andalusian public employment agencies (Servicio Andaluz de Empleo, SAE) for both sides of the job market, based on duration analysis, but also to assess the degree to which the...

This paper presents a dynamic Overlapping Generations Computable General Equilibrium (OLG-CGE) model of Scotland. The model is used to examine the impact of population ageing on the labour market. More specifically, it is used to evaluate the effects of labour force decline and labour force...

The role played by the banking sector in financing the economy in Morocco, following the reforms in the 1990s to liberalize the banking and financial sector, justifies our study of the transmission channels of monetary policy by its central bank (Bank Al-Maghrib). Our subject concerns the...

We generalize the concept of the natural rate of interest (Laubach i Williams, 2003; Woodford, 2003) by defining and estimating the the natural yield curve (NYC) - the term structure of natural interest rates. Our motivation stems i.a. from the observation that at times when central banks attempt to...

Korea government has recently promoted the green growth policies to reduce the energy consumption and cope with global warming by decreasing the greenhouse gas emissions. However, there have been only few quantitative researches on the forecast in case of meeting the government’s reduction...

he Fourth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) predicts global sea level to rise (SLR) by up to 60 cm by 2100 in response to ocean warming and glaciers melting. Moreover, it is expected that sea level rise might be of 1 meter or more in 2100 due to recent...

This study quantifies the economic and poverty impacts of the 2008-2009 world crisis on Ecuador, including the effects of the main policy responses of the Ecuadorian Government to face the crisis. The main hypothesis highlights the magnitude of two transmission channels: trade (through a...

Technological change has been attributed an important role in reducing the costs associated to climate change mitigation through GHG emission reductions. The adoption and deployment of low-carbon and environmentally friendly technologies has been at the center stage of climate negotiations....

This paper analyses the effect of military expenditure on economic growth. With various channels through which military expenditure may influence economic growth, much of the defense economics literature has found inconsistent results. This study is based on the national defense expense for the...