We distinguish the geographical source and destination of value added contributed by each country-industry to each country-global-value-chain (GVC) from both input sourcing and output destination perspectives. We define indicators that capture the relative intensity of regional vis-à-vis global...

The economic and health crisis triggered by the Covid-19 pandemic leaves the European Union facing the steepest decline in production and employment since the Second World War, on top of economic fundamentals that are already fragile as a result of the disastrous effects of the double fall...

This study examines 28 selected cases of transition from a fixed to a more flexible exchange rate combined with devaluation over the period 1980–2013. The crises examined generally prove to be significantly correlated to a reduction in real wages and the wage share. However, both groups are...