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The European north-south divide has been an issue of a long-standing debate. We employ a Global VAR model for 28 developed and developing countries to examine the interaction between the global trade imbalances and their impact within the euro-area framework. The aim is to assess the propagation...
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The paper assesses the impact of adding information on financial cycles on the output gap estimates for eight advanced economies using two unobserved components models: a reduced form extended Hodrick-Prescott filter, and a standard semi-structural unobserved components model. To complement...
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Economic sanctions are a frequent instrument of foreign policy. In a diplomatic conflict, they aim to elicit a change in the policies of foreign governments by damaging their economy. However, sanctions are not costless for the sending economy, where domestic firms involved in business with the...
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countries often turn to their government when the country is isolated from the global marketplace. The sanctions on Russia in … against Russia have led to a trade loss estimated at US$114 billion, with US$44 billion borne by the sanctioning Western … incurred by the United States. Two wealthy countries that are neutral in sanctions against Russia – Israel and Switzerland …
Persistent link: https://www.econbiz.de/10013225208
In 2018, the total strength of the Armed Forces (AF) of the Russian Federation did not change. Early in February 2018, the President of the Russian Federation increased by 200 persons to 10,740 persons the ultimate staff number of the Central Office of the Ministry of Defense (without the...
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