This article analyses the impact of economic diplomacy on the geography of international trade for the year 2006 and 63 importing and exporting countries. We demonstrate that diplomatic representation via embassies and consulates is not a relevant trade-enhancing factor for trade within the...

The focus of this paper is on the use of the yield curve in monetary policy making. Theoretical arguments and a multi-country empirical analysis with an explicit focus on the euro area suggest the need for caution in case the Eurosystem uses the yield curve as an information variable for...

We analyse the rich literature on FDI spillovers analysing econometric studies published over 1983--2010 and dealing with national studies in 30 developing countries and emerging markets. We find that these studies ignore two sources of heterogeneity: exports and -- especially -- R&D. Our...