The possibility that the euro area might break up was being raised even before the single currency existed. These scenarios were then lent new life five or six years on, when appreciation of the euro and problems of slow growth in various member states led politicians to blame the European...

We ask whether Poland is at risk of the boom-bust problem that has afflicted economies around the time of euro adoption. Our answer, inevitably, is mixed. On the one hand the fact that Poland is an outlier, credit-growth wise, accentuates the danger of a boom if one believes in mean reversion....

Empirical studies demonstrate striking patterns in stock market returns in relation to scheduled macroeconomic announcements. First, a large proportion of the total equity premium is realized on days with macroeconomic announcements, despite the small number of such days. Second, the relation...

How might COVID-19 affect human capital and wellbeing in the long run? The COVID-19 pandemic has already imposed a heavy human cost—taken together, this public health crisis and its attendant economic downturn appear poised to dwarf the scope, scale, and disruptiveness of most modern...

The effects associated with stabilization programmes, specially persistent inflation accompanied by prolonged periods of recession with unemployment, attract the attention on the evaluation of the consistency between the orthodox approach and the economic situation which characterizes the...

A tendencia de concentrar-se unicamente na analise de indicadores macroeconomicos quando se estuda a liberalizacao economica na America Latina levou a uma visao extremamente homogeneizante. Ha tambem uma inclinacao geral de assumir que toda classe empresarial apoia essas politicas. Este estudo...

This article discusses the influence of external pressure on the Brazilian trade liberalization process. The conditions under which external pressure is defined are based on the approach of international politics authors known as "realists" and related to the interests of the states, reliance on...