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A re-examination of the link between real exchange rates and real interest rate differentials

Hoffmann, Mathias; MacDonald, Ronald - 2003

The real exchange rate - real interest rate (RERI) relationship is central to most open economy macroeconomic models. However, empirical support for the relationship, especially when cointegrationbased methods are used, is rather weak. In this paper we reinvestigate the RERI relationship using...

Persistent link: https://www.econbiz.de/10011506475

Exchange rate misalignments and crises

Stein, Jerome L.; Paladino, Giovanna - 1999

changes in France, Germany and Italy. …

Persistent link: https://www.econbiz.de/10009781700

Historical analysis of national subjective wellbeing using millions of digitized books

Hills, Thomas; Proto, Eugenio; Sgroi, Daniel - 2016

from millions of digitized books for the USA, UK, Germany, France, Italy and Spain. While existing measures go back at most …

Persistent link: https://www.econbiz.de/10011476047

Convergence of monetary transmission in EMU new evidence

Toolsema-Veldman, Linda Adriana; Sturm, Jan-Egbert; … - 2001

whether there is convergence in monetary transmission. The countries included are: Belgium, France, Germany, Italy, the …

Persistent link: https://www.econbiz.de/10011398432

Credibility and transparency of Central Banks : new results based on Ifo s world economicy survey

Hamella, Sandra; Haan, Jakob de - 2004

This paper reports the results of a survey among private sector economists about credibility and transparency of central banks. In line with the survey of Alan Blinder among central bankers, we asked participants in Ifo s World Economic Survey to answer questions on the importance and...

Persistent link: https://www.econbiz.de/10011399168

Railways and the productivity gap in Italy : persistence and divergence after unification

Pontarollo, Nicola; Ricciuti, Roberto - 2015

The political unification of Italy in 1861 led to the establishment of a single market, by removing the trade barriers … same time, the Kingdom of Italy started a large infrastructure project to spread railways, which were largely confined in … Northern Italy, all over the country. Using tools from spatial econometrics, we find that railways played a positive effect on …

Persistent link: https://www.econbiz.de/10011295798

Exchange rate dynamics : where is the saddle path?

Cheung, Yin-Wong; Gardeazabal, Javier; Vázquez, Jesús - 2004

Persistent link: https://www.econbiz.de/10011402689

Exchange rates and Markov switching dynamics

Cheung, Yin-Wong (contributor); … - 2004

This article presents a systematic and extensive empirical study on the presence of Markov switching dynamics in three dollar-based exchange rates. A Monte Carlo approach is adopted to circumvent the statistical inference problem inherent to the test of regime-switching behavior. Two data...

Persistent link: https://www.econbiz.de/10002521681

Experience, innovation and productivity : empirical evidence from Italy's slowdown

Daveri, Francesco; Parisi, Maria Laura - 2010

We investigate the role of workers' and managerial experience as a determinant of firm innovation and productivity in a sample of Italian manufacturing firms. A high share of temporary - thus un-experienced - workers is associated to low innovation and productivity. The effect of managerial...

Persistent link: https://www.econbiz.de/10003985881

Multi-Factor Gegenbauer processes and European inflation rates

Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2009

, Italy and the UK). The empirical results suggest that inflation in France and Italy is nonstationary. However, while for the … former country this applies both to the zero and the seasonal frequencies, in the case of Italy the nonstationarity comes …

Persistent link: https://www.econbiz.de/10003850335