I investigate the relation between market structure and Secular Stagnation, from a theoretical and an empirical standpoint. By means of a 3-periods OLG model, I show that an increase in the share of profits triggers a decline in the natural interest rate and employment. I extend the model to 16...

Applying nonstationary panel data econometric methods, this paper analyzes the major sources and transmission of inflation in the Gulf Cooperation Council (GCC) countries over the 1980-2008 period. We argue that, in GCC countries, money is essentially demand determined, so that the high...

This paper provides an empirical study of the asymmetrical spillovers of the euro-US dollar exchange rate on the inflation in the euro zone, dividing the sample in two groups of countries: core and periphery. Then we test if the euro-US dollar exchange rate is still able to give a different...

This paper provides an empirical study of the asymmetrical spillovers of the euro-US dollar exchange rate on inflation in the euro zone. We divide the euro zone members in two groups of countries: "core" (closely related to Germany) and "periphery", testing if the euro-US dollar exchange rate is...

I investigate the relation between market structure and Secular Stagnation, from a theoretical and an empirical standpoint. By means of a 3-periods OLG model, I show that an increase in the share of profits triggers a decline in the natural interest rate and employment. I extend the model to 16...