Más de cinco años después del inicio de la crisis de la deuda soberana en Europa, su impacto sobre las variables del mercado laboral no está claro. El objetivo de este documento es contribuir a llenar este vacío. Utilizamos datos cualitativos a escala de empresa para 24 países europeos,...

La integración en la Unión Europea (UE) ha impulsado la inversión extranjera directa (IED) hacia el Reino Unido, que mantiene un stock relativamente importante de entradas en forma de IED. Este ha aumentado notablemente desde 2005, alcanzando el 61% de su producto interior bruto (PIB) en...

In this paper, we unfold the historical behaviour of monetary authority in Ghana by estimating the policy rule using the standard quantile regression techniques within wavelet multiscale framework. The results generally suggest an overriding bias towards positive inflation gap across time-scales...

Monetary policy involves a dual role as central banks must not only be a heedful observer of outcomes but must also be able to shape the outcomes. In view of this, greater policy transparency has been endorsed to boost credibility, effectiveness and flexibility of monetary policy. With more than...

The integration of financial markets is a fast growing phenomenon worldwide, but especially in the EU. Along with the positive aspects such as simplifying financial transactions, there are also negative implications attached to it. As was the case with the current economic and financial crisis,...

Central banks have become more and more transparent about their monetary policy making process. In the central bank transparency literature the distinction between actual and perceived transparency is often lacking. However, as perceptions are crucial for the actions of economic agents this...