The dominant view, both on the mainstream right and on the left, holds that the Eurozone
crisis is a crisis of labour-cost competitiveness—with trade imbalances (and hence foreign …

Traditionally, exports behavior is modeled only as a function of the foreign demand and the
real exchange rate. However, it is by now widely acknowledged that these variables are not …

The authors would like to thank Massimo del Gatto, Ide Kearney, Ralph Setzer and an
anonymous referee for useful comments, including suggestions for additional studies in the …

Italy's recent upward trend in the real effective exchange rate (REER) combined with a
remarkable decreasing market share has instigated a lively economic debate on the …

This paper considers how competitiveness impacts macroeconomic performance in 11 euro
area countries. VAR models are estimated for the individual countries using quarterly data …

This paper models how the business and financial cycles interact in firms' export activity.
Specifically, we study the influence of macroeconomic variables on the decision to export …

Der Angriffskrieg Russlands auf die Ukraine im Frühjahr 2022 und dessen Auswirkungen
stellen Europa, und in besonderem Maße Deutschland, vor große wirtschaftliche …

The Euro Plus Pact was approved by 23 EU countries in March 2011. The Pact stipulates a
range of quantitative targets meant to strengthen competitiveness and convergence with the …

This study builds a small empirical structural macroeconometric model using quarterly data
for India. The model has five sectors: real, fiscal, monetary, price and external sector and 14 …

In this paper we assess whether the expansion of international fragmentation of production
(IFP) and the creation of production linkages among European countries contribute to the …