The purpose of this paper is to discuss major factors behind failures and successes in structural adjustment. The analysis includes the experience of four major European countries: France, Italy, the United Kingdom and West Germany. These countries are known for diverging performances. Germany...

This paper studies the behaviour of Internet prices. It compares price rigidities on the Internet and in traditional brick-and-mortar stores and provides a cross-country perspective. The data set covers a broad range of items typically sold over the Internet. It includes more than 5 million...

We estimate the degree of ‘stickiness’ in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of auto-correlation, with a stickiness...

We estimate the sticky information Phillips curve model of Mankiw and Reis (2002) using survey expectations of professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and the United Kingdom are updated about once a year, in...

Few works more than Esping-Andersen's 'Three Worlds of Welfare Capitalism' have drawn researchers' attention on institutional features that characterize the diverse typologies of welfare regimes; yet the impact of the different institutional settings on income distribution has mostly been taken...

This paper examines the relationship between regional or 'contextual' poverty, income inequality and unemployment and individual political participation in the mid-1990s for the following Western European countries: Belgium, France, West Germany, Italy, Spain, and the United Kingdom. This...

Using regional incomes as the reference group, disposable income poverty rates are computed for the two most recent waves of Luxembourg Income Study (LIS) data available for the following countries: Australia, Canada, Finland, France, Germany, Italy, the United Kingdom, and the United States. In...