Our paper applies a multi-country BoP constrained growth model to Vietnam for the period 1985-2010. We find that Vietnam grew less than the rate predicted by the model during the entire period considered, but with different behavior for the 1998-2010 sub-period. The relative price effect is...

La crisi dell’Eurozona è ormai certificata dalla sua performance estremamente deludente in seguito allo shock esterno provocato dalla crisi dei subprime. La richiesta di un ridisegno delle regole è unanime, e in parte già accolta dalle stesse istituzioni europee. La diagnosi sulle cause...

It is frequently claimed that the economic and financial crises in the Eurozone peripheral countries depend on different, country-specific causes. In one case the crisis would depend on a real estate bubble (Ireland, Spain), in another on deceitful government manipulating the national accounts...

Using monthly data from 1994 to 2012 we study the long-run relation between the pre-tax retail prices of petrol and heating gasoil with crude price and the nominal exchange rate. We find a strongly significant long-run relation. We then use the nonlinear ARDL (NARDL) model to assess the...

We develop a medium-sized annual macroeconometric model of the Italian economy. The theoretical framework is the usual AS/AD model, where the demand side is specified along Keynesian lines, and the supply side adopts a standard neoclassical technology, with Harrod neutral technological progress....