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Evaluating the Financial Instability Hypothesis : A Positive and Normative Analysis of Leveraged Risk-Taking and Extrapolative Expectations
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When does Monetary Policy Matter? Not all Policy Statements are Alike
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Income Smoothing in Europe: A Multi-Speed Process
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Exchange rates (daily parities) - 2025-07-11
Bridging the Gap in Macroeconomic Analysis of the Energy Transition: Combining Medium- and Long-Term Approaches
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c
Competitiveness
Capacity of a country to win export market shares or meet its domestic demand. It depends both on domestic production costs and on “non-cost” factors such as the quality of the country’s goods and services.
c
Current account
Account recording a country’s main transactions with the rest of the world. The current account balance is the sum of the balance of trade in goods and services, and net transfers of primary and secondary income.
d
Deflation
Decline in the general price level.