A basic analysis of EM-DAT database shows that natural hazards have substantial macroeconomic impacts in developing countries in Latin America and the Caribbean (LAC) countries which are highly exposed to extreme natural events (e.g. hurricanes, earthquakes, volcanic eruptions, and tidal waves)....

The global financial crisis is leading to a revival of the empirical literature on current account imbalances. This paper contributes to the literature by investigating the importance of model and parameter uncertainty to assess external imbalances. Panel data, current account models, model...

Aging of European citizens is a real threat for public finances of member countries, but also the demand by aging population is an opportunity for some sectors or economies. Under the term silver economy we understand adaptation of the economy to future needs of growing population of those over...

We present a new macro tool for monitoring and forecasting labour market developments across the six largest euro area countries. The model is primarly empirical but relies on theoretical underpinning in the derivation of the trends. This paper presents a new macro tool for monitoring and...

We examine whether and how main central banks responded to episodes of financial stress over the last three decades.Time-varying parameter model with endogenous regressorsQuantify the time-varying effect of financial stress (and its components) on interest rate setting.

Product variety has played a central role in models of trade and growth. Classical trade theory postulates that the elimination of trade barriers improves welfare by reducing the wedge between domestic and import prices as well as the ensuing deadweight loss. An entirely different reason for the...

Regional economic development records are not the same in the geographic regions of Romania, the issue representing a cause for discrepancies in living standards, quality of life, on one hand, and propensity for the economic sector, on the other hand. Without a proper involvement of the state...

The choice of location for a retail shop is a complex process that determines the economic success of the store. The right choice depends on accessibility, purchasing power, demand structure and the competitive situation. The latter factors have considerable impact in the long run when...

The introduction of unilateral climate policies, and the absence of a climate constraint in many parts of the world raise questions about the distortions in competitiveness and CO2 leakage that may result. Therefore, proposed climate policies are often accompanied by corrective measures intended...

In Fall 2009, officials from Chicago Public Schools changed their assignment mechanism for coveted spots at selective college preparatory high schools midstream. After asking about 14,000 applicants to submit their preferences for schools under one mechanism, the district asked them re-submit...