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,...

In light of the uncertainty of the effects of population ageing on growth and fiscal variables, it is sensible to ask whether Italy's public finances can achieve sustainability under the spending pressure exerted by future demographic and macroeconomic developments. The paper addresses this...

In light of the uncertainty of the effects of population aging on growth and fiscal variables, it is sensible to ask whether Italy's public finances can achieve sustainability under the spending pressure exerted by future demographic and macroeconomic developments. The paper addresses this...

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”...