Purpose: The purpose of this paper is to analyse the long-term nature of the interrelationship between interest rate and exchange rate. Design/methodology/approach: By employing Mexican data, the authors estimate a non-linear autoregressive distributed lags (NARDL) model to investigate the...

The paper proposes an explanation for the 1992 currency crisis as the result of monetary policy behaviour and private agents' speculation. Our analysis reveals how speculators' expectations and the behaviour of the monetary policy authority were formed on the widespread beliefs about the future...

In this article, we investigate the presence of a long-run money demand in a selected group of nine developed OECD countries (G7 plus Australia and Switzerland). Our estimations are based on panel DOLS and between-dimension group-mean panel DOLS introduced by Mark and Sul (2003) and Pedroni...

The aim of the paper is to estimate the effects of structural public balance adjustment on growth in 25 OECD countries with special attention to selected Eurozone countries in the years 2000–2013. The estimates show a positive effect of discretionary fiscal policy on GDP growth and support the...

D<sc>ow</sc> S., M<sc>ontagnoli</sc> A. and N<sc>apolitano</sc> O. Interest rates and convergence across Italian regions, <italic>Regional Studies</italic>. The purpose of this paper is to investigate the evidence for economic convergence across Italian regions using trends in interest rate spreads and premia as indicators of regional...

<i> Il fenomeno della disoccupazione in Italia negli ultimi dieci anni: alcune risposte da un modello corretto con aspettative razionali </i> (di Oreste Napolitano) - ABSTRACT: This study shows, within an insider-outsider model, the persistence of unemployment in Italy in the period 1988-1998. The...