In this paper, we analyze the relationship between nominal and real GDP growth for G7 countries for the period 1971 - 2018. A visual inspection of the data indicates the presence of a threshold, above which the structure of the relationship between nominal and real GDP growth rates changes from...

This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007-08. Sluggish investment was a key channel through which these losses...

The COVID-19 pandemic caused severe losses in the world economy, particularly in emerging market economies (EMEs), which had to withstand the challenges of the pandemic and its domestic repercussions while also facing the deterioration of external demand. Using a panel data model, we estimate...

The newly born, one year old State of Southern Sudan faces multiple challenges, economic, administrative, ethnic and most of all, civil conflicts with its previous mother country, Sudan. Building a state is an arduous mission and building a nation comprised of many ethnicities is the most...

In this task, research is mostly finalised to analyse how EU policies have been distributed across space. Here, the main focus is on Common Agricultural Policy (CAP) expenditure. The same territorial detail adopted in previous tasks is used (i.e., NUTS 3 level). By analysing CAP expenditure at...

This paper tries to clarify some important aspects around the zero-growth discussion. Starting from an accounting perspective, we analyse the implications of zero growth and clarify the stability conditions of such an economy. This is complemented with a monetary circuit approach - which, like...