Title:The Price Puzzle in the Monetary Transmission Vars with Long-Run Restrictions
Author(s):KRUSEC, DejanDate:2010Type of Publication:ArticleAbstract:This study addresses the price puzzle - a positive response of prices to monetary tightening in VAR models. By using long-run instead of the usual short-run restrictions on the US data including output, prices and interest ...
Title:The Punjabi Diaspora in the UK: An overview of characteristics and contributions to India
Author(s):CHANDA, Rupa; GHOSH, SriparnaDate:2012Type of Publication:Technical ReportSeries/Report no.:Migration Policy CentreAbstract:The recognition of diaspora contributions towards their home country through remittances, investments and networks has facilitated a shift in attitude and thinking regarding migration, from brain drain to “brain bank”, ...
Title:The Refoundation of the Symmetric Equilibrium in Schumpeterian Growth Models
Author(s):COZZI, Guido; GIORDANI, Paolo; ZAMPARELLI, LucaDate:2007Type of Publication:ArticleAbstract:We provide a refoundation of the symmetric growth equilibrium characterizing the research sector of vertical R&D-driven growth models. We argue that the usual assumptions made in this class of models leave the agents ...
Title:The regulatory crisis of public service broadcasting
Author(s):MEIER, Henk ErikDate:2006Type of Publication:ArticleAbstract:Die Regulierung des öffentlich-rechtlichen Rundfunks befindet sich in einer Krise. Fragen nach den Ursachen, dem Verlauf und den Ergebnissen dieser Krise des Regulierungsregimes stehen im Mittelpunkt dieses Beitrags. Während ...
Title:The Relation Between Financial and Housing Wealth: Evidence From Dutch Households
Author(s):HOCHGUERTEL, Stefan; VAN SOEST, ArthurDate:2001Type of Publication:ArticleAbstract:We analyze households' joint investment decisions for financial wealth and homes. We use a bivariate censored regression model with endogenous switching. Fixed costs or transaction costs are captured by an unobserved nonzero ...