We study the nonlinear dynamics of the real exchange rate towards its behavioral equilibrium value (BEER) using a Panel Smooth Transition Regression model framework.We show that the real exchange rate convergence process in the long run is characterized by nonlinearities for emerging economies,...

Recent studies on general equilibrium models with transaction costs show that the dynamics of the real exchange rate are necessarily nonlinear. Our contribution to the literature on nonlinear price adjustment mechanisms is treefold. First, we model the real exchange rate by a Multi-Regime...

This study tests an international extension of the Asset Pricing Model (CAPM) based on the coexistence of two risk causes. The first cause is linked to the market portfolio and the second one is required by expectations about the variation of exchange rates. Through an application to various...

In the first, mostly theoretical, part of this article, the author analyses the factors that affect the pass-through of exchange rate movements to consumer prices. In the second part, she studies the recent Canadian experience in this area, starting from 1992. The analysis in the first part of...

German Abstract: [Wurde QAnon ausgelöst durch die Auswirkungen des globalen Kapitalismus auf die Modernität von Hexerei in Afrika?] - Mit dem Angriff der ‚Proud Boys‘ auf das Kapitol erreichten die ‚Deep State‘-Anschuldigungen von Donald Trump den Höhepunkt der...

French Abstract: [QAnon a-t-il été déclenché par l'impact du capitalisme mondial sur la modernité de la sorcellerie en Afrique ?] – Avec l'attaque du Capitole par les « Proud Boys », les allégations « d'État profond » de Donald Trump ont atteint le parangon des idéologies...

This paper aims at measuring the productivity gap between firms located in six European countries over the period 1996-2007 and to provide some explanations of the observed differences. Our approach is original for two reasons. Firstly the value added and the productivity are valued from the...