Seit Beginn des vergangenen Jahres expandiert die Weltwirtschaft in moderatem Tempo. Allerdings gerät in den USA das Inflationsziel von 2% zusehends außer Reichweite, und die US-Zentralbank wird ihren Leitzins, anders als an den Finanzmärkten noch zu Jahresbeginn erwartet, im Sommer wohl...

Early Modern historians have long been fascinated by the mercantile world of the late medieval and early modern periods. The reason for their fascination can be ascribed to the wealth, cosmopolitism, social capital and political clout that many of these merchants (mostly men) projected onto...

During the early modern age, shaping the mechanisms and guarantees of financial and commercial transactions was the basis for the expansion of commercial markets: the beginning of market globalization was due not only to the discovery of a new continent and new trade routes, but also to the...

This essay proposes a preliminary approach to some documents in Italian and Hebrew at the Datini archive. Illustrative cases of what we might call the archaeology of paper, Arnau del Vilar's two manuscript bills and Abram Desforn's letter had lain ensconced in Prato for more than 600 years, and...

We propose a spatial competition model to study banks' strategic responses to the asymmetric Spanish geographic deregulation process. We find that once the geographic deregulation process finishes, inter-regional mergers between savings banks are optimal whenever the economies of scale...

Using data from the Spanish Labor Force Survey (Encuesta de Poblacio´n Activa) from 1999 through 2007, we explore the role of employment opportunities in explaining the growing immigrant flows of recent years. Subsequently, we investigate whether immigrant inflows have helped reduce regional...

In this paper, we provide a brief introduction to a new macroeconometric model of the Spanish economy named MEDEA (Modelo de EquilibrioDinámico de la Economía EspañolA). MEDEA is a dynamic stochastic general equilibrium (DSGE) model that aims to describe the main features of the Spanish...