We show that the behaviour of the real exchange rates of the UK, Germany, France and Japan has been characterized by structural breaks, which changed the adjustment mechanism. In the context of a Time-Varying Smooth Transition Autoregression (TV-STAR) of the kind introduced by Lundbergh et al....

This article analyses the intra-family distribution of paid-work time in five European countries (France, Germany, Italy, Spain and the UK). To that end, we formulate a collective model, which allows us to characterize the efficient labour supply decisions of each spouse. This two-equation model...