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After the Golden Age, Italy experienced increasing difficulties in adjusting its economy to the changing external … is common to advanced countries but the difficulties experienced in Italy look particularly severe. Cushioned by …
Persistent link: https://www.econbiz.de/10009364469
In this paper we analyse the impact of immigrants on the type and quantity of natives� jobs. We use data on fifteen Western European countries during the 1996-2010 period. We find that immigrants, by taking up manual-routine type of occupations pushed natives towards more...
Persistent link: https://www.econbiz.de/10011099671
Europe must be looking in their mirror and wondering: "Where had we been going wrong? What one fool can do, why can't another …?" While Europe has attained and maintained two-digit rates of unemployment, in America there have been created tens of …
Persistent link: https://www.econbiz.de/10005780677
The analysis of the day-by-day evolution of currency markets often emphasises the relationship between the behaviour of the US dollar and that of the exchange rates between the other major currencies, in particular the tendency of EMS currencies to appreciate vis-�-vis the DM in periods of...
Persistent link: https://www.econbiz.de/10005111567
Using a simple method, based on forward interest spreads, we analyse the recent movements in the 10-year yield differentials between three currencies (Italian lira; Spanish peseta; Swedish krona) and the DM in order to gauge the extent to which the reduction in these differentials was due to...
Persistent link: https://www.econbiz.de/10005640931
The process of European monetary integration has prompted interest in the study of differences in financial systems and their consequences for monetary transmission mechanisms. This paper analyses the case of a monetary union composed of countries with heterogeneous "credit channels". In order...
Persistent link: https://www.econbiz.de/10005671384
Since it became a united country, Italy was looked at with keen eyes by foreign economists, economic historians and … making good use of its population and territory, which gave it the potential to be among the great powers of Europe. In this …
Persistent link: https://www.econbiz.de/10009364456
The history of Italy since her unification in 1861 reflects the two-way relationship between foreign trade and economic …, Italy's comparative advantage changed fundamentally over the last 150 years. The composition of trade, in terms of both … document and analyze these changes. We will conclude with an assessment of Italy's prospects from a historical perspective. …
Persistent link: https://www.econbiz.de/10009364459
The paper explores the long run evolution of Italy's performance in technological innovation as a function of …
Persistent link: https://www.econbiz.de/10009364460
undervaluations or overvaluations of the lira/euro have on Italy's growth? We address these questions by presenting, first, three main … former sector, increasing exports and real GDP. We then turn to Italy and verify empirically that, as the theory suggests … their determinants and draw the implications for Italy's economic growth. …
Persistent link: https://www.econbiz.de/10009364463