A variety of statistical methods and econometric techniques can be used attempting to disentangle the non-cyclical trend component of a time series and its purely cyclical part. This paper serves the purpose to demonstrate the potential contribution from the use of unobserved components...

This paper looks at the notion of a NAIRU (non-accelerating inflation rateof unemployment) and asks whether it continues to stand up to rigorous analysis in terms of both its theoretical underpinnings or of its empirical applicability.

This study attempts to analyze how the continuity of contracts governed by the laws of New York State and other U.S. jurisdictions will be treated in the event that existing European Union (EU) currencies are replaced by a new single European currency. This analysis will be taken in several stages.

EUCARS has been designed to analyse the cost-effectiveness of various transport policy measures to reach air quality objectives. A general description and a thorough technical presentation of this partial equilibrium model of passenger transport are given. Some simulation results are then...

This paper reviews the economic theory and available evidence with particular focus on three questions: how does financial development affect economic growth; what are the features of a growth supportive financial structure; how are financial structures related to structural change and technical...

Spatial issues have received renewed interest in economics following the development of the new economic geography. At the same time, there is a general concern that the process of European integration would lead to higher regional specialisation making regions more prone to adverse shocks and...

In a little over one year, Economic and Monetary Union (EMU) will enter its third and final phase. As the date of 1st January 1999 approaches, the debate over European monetary unification is accelerating. The purpose of the present paper is to review and assess the recent debate. This review is...

The objectives of this study are to describe the changes in industrial location that have occured in Europe in recent decades; to establish whether these are associated with countries' economic structures becoming more or less similar, and industries becoming more or less spatially concentrated;...