This article studies the strategy developed by the Benedictine Community at the Monastery of Montserrat to conceal their patrimony through the constitution of a public limited company. The singularity of this case lies in the opacity that the Benedictines created regarding their properties in...

In this paper we assess the current relevance of Ricardian theory. Relative prices, labor costs, and productivity are evaluated as determinants of a country's international competitiveness at the industry level. Working with detailed data on unit values and with industry data on productivity, we...

We estimate a New Keynesian DSGE model on French, German, Italian, and Spanish data. The main aim of this paper is to check for the respective sets of parameters that are stable over time, making use of the ESS procedure ('Estimate of Set of Stable parameters') developed by Inoue and Rossi...