Publications
"Growth Volatility and Trade: Market Diversification vs. Production Specialization" (with A. Ardelean and L. Puzzello). Journal of Economic Behavior & Organization. Forthcoming, 2024.
"The Missing Link: Monetary Policy and the Labor Share" (with C. Cantore and F. Ferroni). Journal of the European Economic Association, Volume 19, Issue 3, June 2021, Pages 1592–1620. [BoE WP version here]
"Production, bankruptcy, and financial policies under collateral constraints" (with Jaime Orrillo). Mathematical Social Sciences, Volume 112, July 2021, Pages 109-119. Special issue in memory of Carine Nourry.
"The rise of services and balanced growth in theory and data" (with A. Moro). American Economic Journal: Macroeconomics, 2020, 12(4), 109-146.
"Appropriate technology and balanced growth" (with M. Satchi). The Review of Economic Studies, 2019, vol. 86 (2), 807-835.
"Current account dynamics and the real exchange rate: disentangling the evidence" (with M. Bussiere and A. Karadimitropoulou). Macroeconomic Dynamics, Volume 25, issue 1.
"German wage moderation and European imbalances: feeding the Global VAR with theory" (with T. Bettendorf). Journal of Money, Credit, and Banking, 2019, vol. 51(2-3), 617-653 .
"Selecting structural innovations in DSGE models" (with F. Ferroni and S. Grassi). Journal of Applied Econometrics, 2019, 34(2), 205-220.
"Variable markups and capital-labor substitution" (with W. Jiang). Economics Letters, 2018, 171(C), 34-36.
"The dynamics of hours worked and technology" (with C. Cantore and F. Ferroni). Journal of Economic Dynamics and Control, 2017, Vol 82, September, 67-82.
"Reallocation effects of recessions and financial crises: an industry-level analysis" (with F. Coricelli and A. Karadimitropoulou). The BE Journal of Macroeconomics: Contributions, 2016, vol 16(2).
"External constraints and endogenous growth: why didn't some countries benefit from capital flows?" (with K. Gente and C. Nourry). Journal of International Money and Finance, 2015, vol 56, 223-249.
"Production technology estimates and balanced growth" (with P.McAdam and A. Willman). Oxford Bulletin of Economics and Statistics, 2015, vol. 77(1), 40-65.
"Shocking stuff: technology, hours and factor substitution" (with C. Cantore, P. McAdam and A. Willman). Journal of the European Economic Association, 2014, vol. 12(1), 108-128, 02.
"Efficiency and production frontiers in the aftermath of recessions: international evidence" (with D.Christopoulos). Macroeconomic Dynamics, 2014, vol 18(6), 1326-1350.
"Sector, country, and world factors in international business cycles” (with A. Karadimitropoulou). Journal of Economic Dynamics and Control, 2013, vol. 37(12), pages 2913-2927.
“Real exchange rates and net foreign assets in constrained and unconstrained economies” (with K. Gente and D. Christopoulos). European Economic Review, 2012, 56(3), 295-316.
“International output convergence, breaks and asymmetric adjustment” (with D. Christopoulos). Studies in Nonlinear Dynamics and Econometrics, BEP, 2011, vol. 15(3).
"Identifying the Elasticity of Substitution with Biased Technical Change" (with Peter McAdam and Alpo Willman). The American Economic Review, 2010, 100(4): 1330–1357.
"Does exchange rate pass-through respond to measures of macroeconomic instability?," Journal of Applied Economics, 2010, vol. 0, 167-180.
“Post-Bretton-Woods Real Exchange Rates: mean reverting with nonlinear adjustment” (with D. Christopoulos). Journal of International Money and Finance, 2010, 29(6), 1076-1093.
"Revisiting the real wages – unemployment relationship: new results from nonlinear models" (with D. Christopoulos). Bulletin of Economic Research, 2010, 62(1), 0307-3378.
“What did we really know about current account sustainability in the USA?” (with D. Christopoulos). Journal of International Money and Finance, 2010, 29(3), 442-459.
"The effect of the oil price on China's exports" (with J.R. Faria, A.V. Mollick and P. Albuquerque). China Economic Review, 2009, 20(4), 793-805.
“Remittances, Institutions and Economic Growth” (with, N. Catrinescu, M. Piracha and B. Quillin). World Development, 2009, 37(1), 81-92.
“Fear of floating in Brazil: did inflation targeting matter?” (with R.P. Nogueira Jr). North American Journal of Economics and Finance, 2009, 20(3), 255-266.
“Time series output convergence tests and stationary covariates” (with D. Christopoulos). Economics Letters, 2008, 101, 297-299.
“Can globalization stop the decline in commodities’ terms of trade?” (with J.R.Faria, A.V.Mollick and P.Albuquerque). Cambridge Journal of Economics, 2008, 32, 683–701.
“Testing for Granger (non-)causality in a time-varying coefficients VAR model” (with D. Christopoulos). Journal of Forecasting 27, 293-303, 2008.
“A simple nonlinear dynamic model of unemployment: explaining the Spanish case” (with J.R. Faria). Discrete Dynamics in Nature and Society, volume 2008, Article 981952, 2008.
“How is real convergence driving nominal convergence in the new EU member states?" (with Sarah Lein-Rupprecht and Carolin Nerlich) Journal of International Money and Finance 27, 2008, 227-248.
“Non-linearities and unit roots in G7 macroeconomic variables” (with Yunus Aksoy). The B.E. Journals in Macroeconomics vol 8: Iss. 1 (Topics), Article 5, 2007.
“A Long-run Nonlinear Approach to the Fisher Effect” (with, D.K. Christopoulos). Journal of Money, Credit and Banking 39 (2-3), 2007, 543-559.
“Does the Real Interest Parity Hypothesis Hold? Evidence for Emerging and Developed Countries.” (with A.L. Ferreira). Journal of International Money and Finance 26, 2007, 364-382.
“Unemployment hysteresis in the EU countries: what do we really know about it?” (with D.K. Christopoulous). Journal of Economic Studies, 34(2), 80-89.
“Does the world real interest rate affect the real exchange rate? The SEA experience” (with, Karine Gente). Journal of International Trade and Economic Development 15 (4), 2006, 441-467.
“Population and growth: is there a puzzle?” (with J. Faria and A. Sachida). Journal of Development Studies 42 (6), 2006, 909-917.
“Exports, Product Differentiation and Knowledge Spillovers.” Open Economies Review, 17, 2005, 363-379.
“Real Exchange Rate and Employment Performance in an Open Economy” (with J. Faria,). Research in Economics, 59, 2005, 67-80.
“International Migration and the Role of Remittances in Eastern Europe” (with M. Piracha). International Migration, 42(4), 2004, 65-83.
“Unemployment, Hysteresis and Transition” (with P. McAdam). Scottish Journal of Political Economy, 51(3), 2004, 277-401.
“Habit Formation, Work Ethics and Technological Progress.” (with J.R. Faria) The Manchester School, 72(3), 2004, 403-413.
“Testing the Balassa-Samuelson Effect: Implications for Growth and the PPP” (With: J. Faria). Journal of Macroeconomics, 25(2), 2003, 241-253.
“Unemployment Hysteresis in the US States and the EU: a Panel Approach”. Bulletin of Economic Research, 54(2), 95-104, 2002.
“The Endogeneity of the Natural Rate of Growth” (with: A.P. Thirlwall). Cambridge Journal of Economics, 26(4), 2002.
“Accumulation, Innovation and Catching-up: an Extended Cumulative Growth Model.” Cambridge Journal of Economics, 2002, 26(2), 201-216.
“The endogeneity of the natural rate of growth: a reply to Boggio and Seravalli.” Banca Nazionale del Lavoro, Quarterly Review, 2002, LV, July.
“Is the natural rate of growth exogenous?” (With: A.P. Thirlwall). Banca Nazionale del Lavoro, Quarterly Review, 2000, LIII, No. 215, 433-446. (Translated into Italian in Moneta e Credito, September, 2000).
“Economic Growth and Verdoorn’s Law in the Spanish Regions. 1962-1991”. International Review of Applied Economics, 2000, 14, No. 1, 55-69.
“An Application of Thirlwall’s Law to the Spanish Economy”. Journal of Post Keynesian Economics, 1999, 21, 431-440.
“Verdoorn’s Law and Increasing Returns: an Empirical Analysis of the Spanish Regions”. Applied Economics Letters, 1999, 6, 373-376.