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The cyclical behavior of the Italian business survey data
This article investigates the cyclical behavior of the degree of plant utilization, inventories, order book level, and confidence climate index data (taken from Italian Business tendency surveys). It
Firms’ financial surpluses in advanced economies: the role of net foreign direct investments
According to macroeconomic predictions firms are expected to be net borrowers: the net change of their financial assets should be smaller than the net change of their financial liabilities. However,
Procyclicality of Credit Rating Systems: How to Manage it
This paper evaluates the characteristics of a Point in Time (PiT) rating approach for the estimation of firms’ credit risk in terms of procyclicality. To this end I first estimate a logit model for
Inequality in EMU: Is There a Core Periphery Dualism?
The Predictive Content of Business Survey Indicators: Evidence from SIGE
Business survey indicators represent an important tool in economic analysis and forecasting practices. While there is wide consensus on the coincident properties of such data, there is mixed evidence
Current Account ‘Core–Periphery Dualism’ in the EMU
Current account (CA) dispersion within European Union (EU) member states has been increasing progressively since the 1990s. Interestingly, the persistent deficits in many peripheral countries have
Dynamics of Net Foreign Asset Components in the EMU
In the last two decades, foreign capital investments have followed different paths in EMU countries. Given their importance for growth and productivity, we analyse the factors underlying the dynamics
Current Account 'Core-Periphery Dualism' in the EMU
Current account dispersion within EU member states has been increasing since the 1990s. Interestingly, the persistent deficits in many peripheral countries have not been accompanied by a significant
The Predictive Content of Business Survey Indicators: Evidence from SIGE
Business surveys indicators represent an important tool in economic analysis and forecasting practices. While there is wide consensus on the coincident properties of such data, there is mixed
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