financial development, inflation, GDP growth and country fixed-effects, we find a relative decline in financial sector deposits …

This paper investigates the international spillovers of government debt and the associated risk of inflation within a … inflation at the cost of the funded country. In response to these conflicting interests about inflation, inflation risk may rise … with the level of debt in the PAYG country. Higher inflation risk harms both countries. Actually, in contrast to the debt …

Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different …

education. The econometric evidence documents a strong relationship between ICT capital and productivity in both countries, even …

total factor productivity and by the capital stock per capita. These variables suffice to calculate welfare changes within a … the degree of market competition. It applies to open economies as well, if total factor productivity is constructed using … productivity be constructed with prices and quantities as perceived by consumers, not firms. Thus, factor shares need to be …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …

firms to leave the market, thereby affecting aggregate productivity. Since wage and productivity responses are endogenous …, our model is well suited to study the impacts of trade integration on aggregate productivity and factor prices. Using … quantify the impacts of removing the Canada-U.S. border on wages, productivity, markups, the share of exporters, the mass of …