WORKING PAPER | A Dynamic Stochastic Disequilibrium (DSDE) model is proposed for business cycle analysis.

WORKING PAPER | A methodological inconsistency arises from presenting macroeconomic arguments formally and microeconomic arguments verbally.

WORKING PAPER | This working paper, published in the Journal of International Money and Finance, is an expansion on the policy note, 'The Role of Financial Stress in Debt and Recovery.'

POLICY NOTE | This research contradicts the highly cited Rienhart and Rogoff study, which states that debt higher than 90% of GDP will negatively affect a country's economic growth.

WORKING PAPER | Using Cointegrated Vector Auto-Regression analysis, this paper provides evidence that production capacities adjust endogenously to current output in the long run.

POLICY NOTE | Part of the public skepticism towards the transition to renewable energy and implementing mitigation policies is caused by the fear of job losses.

WORKING PAPER | This paper studies the endogeneity of the normal utilization rate and the expected secular rate of sales growth empirically for the US manufacturing sector and its sub-sectors.

POLICY NOTE | This note offers policy recommendations based on empirical support that shows current account imbalances in the EMU are unsustainable and may jeopardize stability in the Euro Area.

WORKING PAPER | Evidence suggests that the introduction of the EMU is associated with a shift from sustainability to unsustainability of external debt accumulation among the Euro countries considered.