The information content of several interest rate spreads for future output growth is analyzed using wavelet analysis. The “scale-by-scale” regression analysis shows that standard indicators of the stance of monetary policy, such as the shape of the yield curve, the real federal funds rate,...

<font face="CMBX12"> </font><p>  This paper gives evidence to a stylized fact often disregarded in international trade empir-ics: countries' diversification. In the last fifteen years, the growth of world trade coexistedwith the tendency of countries to reduce the specialization of their export compositionalong the...</p>

<Para ID="Par1">Based on a newly-available large set of historical national accounts, the paper revisits the main features of economic growth and cycles in Italy for the post-Unification period 1861–2011. Alongside the structural changes in growth dynamics, the main sources of output and productivity growth...</para>