This study investigates the employment of vinegrowers on a Greek island (Samos) where there exist attractive alternative employment opportunities, particularly in the tourist sector. The recent dramatic decline in the number of vinegrowers has been of great concern particularly to wine...

This paper is based on two strands of relative literature. The first examines the effect of sticky wages on international trade, unemployment and trade policy. The second strand looks at the effect of the exchange rate on wages. Related to this literature is the discussion in the European Union...

This paper develops an inflation persistence model and provides theoretical arguments that low inflation persistence may be achieved either by a central bank reform or by a hard pegging exchange rate vis-\`{a}-vis a low inflation country. Our theoretical analysis states that both the decrease in...

The purpose of the paper is twofold. Firstly, we test the validity of the PPP hypothesis for selected CEEC (Czech Republic, Hungary, Poland and Slovak Republic). Secondly, we attempt to define those countries’ trade linkages between Euro Area, US and the rest of the world. By applying...