Macroeconomic theory has developed into increasingly sophisticated mathematical models. In the words of Mankiw … the development of macroeconomic theory over the past 40 years. The focus is on the main lines of thinking and the story … changes in macroeconomic theory and that the current debates after the GFC will be the start of a more plural approach to …

parameters at each frequency separately, and adopt this framework to model quarterly prices in three European countries (France …, Italy and the UK). The empirical results suggest that inflation in France and Italy is nonstationary. However, while for the …

the case of France. We build a simple model that incorporates the main features of the system, such as the uniform premium … France we find that the stylized factsʺ of the system correspond to our results. Additionally, the policies implemented by …

-data from a major euro-area economy (France), we develop calibrated versions of these models. We assess the consequences for …

concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to …

-proportions trade theory, Heckscher-Ohlin forces operate at the within-industry level, leading to endogenous variation in skill …