The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a SVAR model some fiscal policy regimes, i.e. a u0094set of rulesu0094 for the implementation of fiscal policies. Second, we identify the fiscal policy shocks related to different...

In this paper we propose a relatively simple procedure to predict Euro-zone industrial production using mostly data derived from the business surveys of the three major economies within the European Monetary Union (France, Germany, and Italy). The basic idea is that of estimating business...

Die italienische Wirtschaft, die im Durchschnitt der letzten vier Jahre nahezu stagnierte, scheint sich gegenwärtig auf einem Erholungspfad zu befinden; zum ersten Mal seit dem Jahr 2001 dürfte das Wirtschaftswachstum 2006 und 2007 deutlich über der Ein-Prozent-Rate liegen. Dazu haben die...

Im Zuge der Föderalismusreform wurden die gesetzlichen Ladenschlussbestimmungen in den meisten deutschen Bundesländern kürzlich gelockert. Dies ist ein Schritt in die richtige Richtung, um einen Anstieg von Produktivität und Wachstum im deutschen Einzelhandel zu bewirken. Allerdings birgt...

This paper studies the behaviour of Internet prices. It compares price rigidities on the Internet and in traditional brick-and-mortar stores and provides a cross-country perspective. The data set covers a broad range of items typically sold over the Internet. It includes more than 5 million...

The debate on the sustainability of public finances is closely related to the analysis of the financial and macroeconomic consequences of government debt accumulation. Focusing on the USA, Germany and Italy over the 1983-2003 period, the central issue addressed in this paper is how the...

This paper documents producer price setting in 6 countries of the euro area: Germany, France, Italy, Spain, Belgium and Portugal. It collects evidence from available studies on each of those countries and also provides new evidence. These studies use monthly producer price data. The following...

An aggregation exercise is proposed that aims at in-vestigating whether the fast average adjustment of the disaggregate inflation series of the euro area CPI translates into the slow adjustment of euro area aggregate inflation. We first estimate a dynamic factor model for 404 inflation...