We explain the role of the Phillips Curve in the analysis of the economic outlook and the
formulation of monetary policy at the ECB. First, revisiting the structural Phillips Curve, we …

This paper investigates how the political alternation of heads of state channels the link
between natural resources and economic growth in 43 African countries from 1972 to 2014 …

We build a time‐varying parameter model that jointly explains the dynamics of euro area
inflation and inflation expectations. Our goal is to explain the weak inflation during the post …

One of the tasks assigned to mainstream economists is to legitimize the significance of
unemployment. This paper aims to reconstruct the evolution of their approaches from the …

This paper evaluates the impact of the duration of heads of state in power on economic
growth on a panel of 41 countries in sub-Saharan Africa over the period 1990-2016. The …

Os economistas do mainstream têm procurado, ao longo do tempo, explicar e justificar a
existência do desemprego. Este artigo tem o objetivo de esclarecer as principais …

“Mystery creates wonder and wonder is the basis of man's desire to understand”-Neil
Armstrong. One may jokingly state thata PhD is a journey leading to a small step for …

In this paper, we estimate a SVAR model to analyze the trend of underlying inflation in the
Democratic Republic of Congo and follow the identification approach of Blanchard and …

Inflation has been persistently weak in the euro area despite the economic recovery since
2013. We investigate the sources behind this protracted low inflation by building a time …