In the Caribbean Basin countries as in many other parts of the world, unemployment has become since the early 1980s one of the major dimensions of economic dysfunctions affecting societies. With levels that are above 15% and often reaching values of up to 20% or 30% during the decades 1980, 1990...

In the case of the French overseas departments (DOM), particularly of Guadeloupe, which are at the dawn of the experiment reaching reforms of economic policies, development of a simulation tool such as a macroeconomic CGE appears naturally as a highly desirable requirement. This recourse to the...

A basic analysis of EM-DAT database shows that natural hazards have substantial macroeconomic impacts in developing countries in Latin America and the Caribbean (LAC) countries which are highly exposed to extreme natural events (e.g. hurricanes, earthquakes, volcanic eruptions, and tidal waves)....

The global financial crisis is leading to a revival of the empirical literature on current account imbalances. This paper contributes to the literature by investigating the importance of model and parameter uncertainty to assess external imbalances. Panel data, current account models, model...

Aging of European citizens is a real threat for public finances of member countries, but also the demand by aging population is an opportunity for some sectors or economies. Under the term silver economy we understand adaptation of the economy to future needs of growing population of those over...

We present a new macro tool for monitoring and forecasting labour market developments across the six largest euro area countries. The model is primarly empirical but relies on theoretical underpinning in the derivation of the trends. This paper presents a new macro tool for monitoring and...

We examine whether and how main central banks responded to episodes of financial stress over the last three decades.Time-varying parameter model with endogenous regressorsQuantify the time-varying effect of financial stress (and its components) on interest rate setting.

Product variety has played a central role in models of trade and growth. Classical trade theory postulates that the elimination of trade barriers improves welfare by reducing the wedge between domestic and import prices as well as the ensuing deadweight loss. An entirely different reason for the...

Regional economic development records are not the same in the geographic regions of Romania, the issue representing a cause for discrepancies in living standards, quality of life, on one hand, and propensity for the economic sector, on the other hand. Without a proper involvement of the state...

The choice of location for a retail shop is a complex process that determines the economic success of the store. The right choice depends on accessibility, purchasing power, demand structure and the competitive situation. The latter factors have considerable impact in the long run when...