We propose a simple intertemporal model of output and current account dynamics that we estimate using a cointegrated VAR approach. We suggest a method for identifying global and country-specific shocks from the VAR and test it, using cross-country evidence.

This paper deals with the existence of a common European growth cycle and its identification. Based on the analysis of some descriptive statistics in the time and frequency domain there is clear evidence of comovement in output growth among European countries.

In Tennessee, the number of exporters has risen 10 percent since the recovery began in 2009.

How adaptable is Tennessee's economy to changing world markets?

No abstract.

This paper puts together new data on the technology generation and technology transfers in the world economy over the 1975-1995 period to examine the emerging trends and patterns. In particular we examine the trends in the country and corporate concentration in the technology generation in terms...

The recent financial crisis in Indonesia has resulted in dramatic price increases. Using very recent data, we investigate whether these price increases have impacted the cost-of-living of poor households in a disproportionately harsh way. We find that the poor have indeed been hit hardest. Just...