countries. In Italy they enhance the efficiency of home activities, with also positive long term effect on output and employment … countries have essentially scale effects which eventually trickle down on employment and productivity at home. …

total factor productivity and output. It also finds no significant effects on employment. These results support the view …

productivity and human capital investments. Using light intensity as an alternative measure for economic activity confirms the …

reconstructed national accounts. We find a remarkable volatility increase across World War I, which is reversed after World War II … of Kuznets (1952) for World War II. …

standard of living, then what price index should the account be indexed to? This paper constructs a dynamic price index (DPI …) that answers this question. Unlike the existing theory on price indices (which is static and certain), the DPI measures the … to define this price index and study its theoretical properties. The DPI: is homogeneous of degree 1 with respect to all …

index of money market pressure to identify banking crises. We define banking crises as periods in which there is excessive … desirable, and also possible, to depend on a more objective index of money market pressure rather than market events to identify … the index, changes in central bank funds to bank deposits ratio and changes in short-term real interest rate, are equally …