Malta's path of economic development benefited from international trade, as the country is situated on trade routes linking Europe, Africa and Asia. This paper aims to look at the country's location, trade agreements, cultural attributes and size in a gravity model framework. Its almost 50 year...

This paper makes use of a novel dataset derived from mortgage contracts granted by the major lending institutions in Malta. This contains information about house prices and a number of important property characteristics. Together with geographic and sociodemographic variables, this information...

This paper studies the distribution of income and wealth in Malta over the period 2010-16, based on three waves of detailed micro-data from the Household Finance and Consumption Survey. This is the first paper that explores the evolution of income and wealth inequality jointly, and over time,...

This paper makes use of a novel dataset derived from mortgage contracts granted by the major lending institutions in Malta. This contains information about house prices and a number of important property characteristics. Together with geographic and sociodemographic variables, this information...

This paper assesses and forecasts the probability of deflation in the EA at different horizons using a binomial probit model. The best predictors are selected among more than one-hundred variables adopting a two-step combinatoric approach and exploiting parallel computation in Julia language....

Macroprudential policy is pre-emptive, aimed at preventing crises. Empirical evidence hints at the existence of asymmetric policy in booms and recessions. This paper uses a New Keynesian model with a financial friction on mortgage borrowing and collateral to show what implications this asymmetry...

This study extends the flow approach to forecasting unemployment, as carried out by Barnichon and Nekarda (2013) and Barnichon and Garda (2016), to the Maltese labour market using a wider number of estimating techniques. The flow approach results in significant improvements in forecast accuracy...

This study develops a suite of Bayesian Vector Autoregression (BVAR) models for the Maltese economy to benchmark the forecasting performance of STREAM, the traditional macro-econometric model used by the Central Bank of Malta for its regular forecasting exercises. Three different BVARs are...

This paper gives an overview of inflation-linked bonds (ILBs). In the first part, it describes the characteristics of inflation-linked bonds and their pricing mechanics. This is followed by an illustrative example which compares the cashflow structure of the two types of fixed income securities....

This paper uses information from a detailed administrative database on reported full-time employment incomes to study the distribution of wage incomes and mobility between 2000 and 2015 in Malta. Developments in wage distributions and mobility are discussed within the context of the structural...