The main objective of this Working Paper is to present long-term series (1950-2020) for the functional distribution of income at subsector level for argentine industry (International Standard Industrial Classification of All Economic Activities -ISIC- rev. 3). For this purpose, we recovered...

The main objective of this Working Paper is to present a long-term series (1950-2019) for the functional distribution of income in the Argentinean manufacturing sector. For this purpose, the work is divided according to the methodologies used: linear interpolation for the base years 1986, 1993...

Die deutsche Wirtschaft tritt auf der Stelle und das Land steckt seit drei Jahren in einer seiner längsten Industrieflauten. Während die Automobilindustrie im zweiten Quartal 2023 zumindest ein leichtes Plus erzielte, ging die Produktion im Maschinenbau, in der Elektroindustrie und bei der...

The nominal effective exchange rate (EER) of a currency is an index of the tradeweighted average of its bilateral exchange rates vis-à-vis the currencies of selected trading partners, while the real EER is derived by adjusting the nominal index for relative prices or costs. The nominal EER...

Electronic trading has transformed foreign exchange markets over the past decade, and the pace of innovation only accelerates. This formerly opaque market is now fairly transparent and transaction costs are only a fraction of their former level. Entirely new agents have joined the fray,...

Research on foreign exchange market microstructure stresses the importance of order flow, heterogeneity among agents, and private information as crucial determinants of short-run exchange rate dynamics. Microstructure researchers have produced empirically-driven models that fit the data...

We collect data from 29 separate papers estimating the equilibrium level and possible undervaluation of the Chinese currency, the renminbi. These papers yield a total of 97 individual observations on misalignment, which we analyse with the help of meta-analysis. We find that the vast majority of...

The long history of sovereign debt and the associated enforcement problem have attracted researchers in many fields. In this paper, we survey empirical work by economists, historians, and political scientists. As we review the empirical literature, we emphasize parallel developments in the...

The most important economic measures are monetary. They have many different names, are derived in different theories and employ different formulas; yet, they all attempt to do basically the same thing : to separate a change in nominal value into a ?real part? due to the changes in quantities and...