Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into the potential mechanisms driving economic...

Die Akzeptanz kleinräumiger Angebote der Lebensmittelversorgung im Untersuchungsraum Stuttgart steht im Mittelpunkt dieses Arbeitsberichts, der grundsätzliche Überlegungen und aktuelle empirische Untersuchungen am Fachgebiet Agrarmärkte und Agrarmarketing der Universität Hohenheim hierzu...

This paper presents a model yielding testable implications concerning the long-run co-movements of real exchange rates, relative productivity, the trade balance and terms of trade. Countries with higher productivity, trade deficits or improved terms of trade are found to have more appreciated...

The December 1776 issue of the "Gentleman's Magazine," flagship of British periodicals, features an item unique in the history of 18th-century music: the "Scale to Measure the Merits of Musicians." It comprises an evaluative chart of two-dozen composers, marking the first quantitative assessment...

This paper provides a description and a discussion of some important aspects relating to recent productivity developments in the euro area. Following decades of stronger gains in the euro area than in the US, labour productivity growth has fallen behind that in the US in recent years. This...

The distributive trades sector, which is primarily accounted for by wholesale and retail trade, is not only economically important in its own right, but also relevant to monetary policy. Ultimately, it is retailers who set the actual prices of most consumer goods. They are the main interface...

The aim of this study is to analyse and assess the contrasting national skills policies associated with ICT (Information and Communication Technologies) skill supply in Britain and Germany. We also aim to examine the impact of these strategies on firms and to assess the utilization of skills at...