Estimated DSGE models tend to ascribe a significant and often predominant part of a country's trade balance (TB) dynamics to domestic drivers ("shocks"), suggesting foreign factors to be only of secondary importance. This paper revisits the result based on more agnostic approaches to shock...

This short paper analyses the decline of France’s trade balance over the past 15 years. While the loss in export market shares is comparable to that of the major OECD countries except Germany, it is one of the largest among the countries of the euro area. The determinants of this outcome seem...

Unser Planet versorgt uns mit allen natürlichen Ressourcen, die wir konsumieren. Einige dieser Ressourcen sind aber nicht erneuerbar, und andere werden zu intensiv genutzt, was dazu führen kann, dass sie versiegen. Eine effiziente Überwachung des Ressourcenverbrauchs scheint daher für eine...