[eng] Pierre Berthelier, Anna Lipchitz — What role does the agricultural sector play in growth and development ? A successful economic transition involves a continuous flow of resources from agriculture to industry. This resource transfer depends on structural factors affecting demand,...

Ce document de travail constitue un rapport technique sur la volatilité historique des prix des matières premières dans le cadre du projet traitant du changement structurel dans les marchés agricoles mondiaux. Ces dernières années ont connu une forte hausse des prix de nombreuses matières...

This article focuses on the comparison of sacrifice ratios as an indicator for structural dispersion within the euro area over the period 1972-2003. Estimates of the sacrifice ratio, defined as the cumulative output cost arising from permanent inflation reduction, are obtained using structural...

This study extends Bayoumi and Eichengreen's (1993) empirical methodology in order to give a reappraisal of the core-periphery view of the enlarged euro area. We show how to derive two useful indices from the “correlation box” formed by aggregate demand and supply shocks. One measures the...

type="main" xml:lang="en" <title type="main">Abstract</title> <p>Empirical evidence in the literature on the extent to which access to different infrastructure services contribute to enhancing household economic welfare remains limited. Our paper contributes to fill in the gap by assessing the influence of access to public...</p>

Trade deficits and surpluses are sometimes attributed to intentionally low or high exchange rate levels. The impact of exchange rate levels on trade has been much debated but the large body of existing empirical literature does not suggest an unequivocally clear picture of the trade impacts of...

Recent years have witnessed a sharp increase in many commodity prices. This report examines the question of whether commodity price volatility has materially changed with the rapid run up in world prices in 2006-09, followed by an equally sharp decline in many commodity prices. The report...

Trade deficits and surpluses are sometimes attributed to intentionally low or high exchange rate levels. The impact of exchange rate levels on trade has been much debated but the large body of existing empirical literature does not suggest an unequivocally clear picture of the trade impacts of...