This paper provides a new perspective on the exchange rate disconnect puzzle by referring to the expectations building mechanism in foreign exchange markets. Therefore, we analyze the role of expectations regarding macroeconomic fundamentals for expected exchange rate changes. In doing so, we...

This paper analyses the determinants of growth of American cities, understood as growth of the population or of per capita income, from 1990 to 2000. This empirical analysis uses data from all cities with more than 25,000 inhabitants in the year 2000 (1154 cities). The results show that while a...

A review of the types of Innovation System identified in the literature points to different models. Besides the very well-known National, Regional, Local, sectorial, and technological innovation systems, combinations of the previous can be identified, proposing sub-models such as National Open...