We estimate the effect of trade openness and institutional quality on productivity of Central and Eastern European accession countries. Our approach builds on recent economic literature dealing with the so-called "deep" determinants of economic growth (Frankel and Romer, 1999, Hall and Jones,...

The aim of this paper is to explain relative prices divergences among cities within the same currency area, such as Italy. According to our results, we find relative prices mean reverting, but at a very slow rate. The measure of persistence is high also in a well-established “monetary union”...