This paper focuses on the influence of labour market reforms on the wage equation for Italy over the period 1981-2006. Using Gregory and Hansen (1996) residuals based tests for cointegration in model with regime shifts, we try to detect endogenously a possible structural break in the long run...

The recent theoretical literature has focused on the importance of extensive and intensive margins of trade in the case of the Euro adoption. But few works have investigated the effects of the euro introduction on the extensive and intensive margins of trade. All these studies have used...

We build a pricing-to-market (PTM) model with firm heterogeneity, which allows for imperfect competition and market segmentation in the presence of flexible exchange rates, horizontal and vertical differentiation and different tastes of consumers in destination markets. We derive firm’s...