This paper provides new empirical evidence about the relationship that may exist between real exchange rates and commodity prices in developing countries that are specialized in the export of a main primary commodity. It investigates how structural factors like the exchange rate regime, the...

In this study, a new two-step procedure is followed in order to investigate the degree of labor mobility in Belgium. The first step has led us to describe employment dynamics and to identify permanent and temporary employment shocks at a provincial level via a common trend-common cycle analysis....

Au cours de différents travaux récents, Stock et Watson (1989, 1991, 1993) ont développé une méthodologie nouvelle de construction d'indicateurs de conjoncture. Bien que ces travaux constituent un apport considérable pour l'analyse des cycles économiques, ceux-ci ont curieusement fait...

Commodity currency literature recently stressed the importance of commodity prices as a determinant of real exchange rates in developing countries (Cashin, Cespedes and Sahay 2004). We provide new empirical evidence on this issue by focusing on countries which are specialized in the export of...