Browsing Department of Economics (ECO) by Title

Title: The Expansion of College Education in the United States: Is There Evidence of Declining Cohort Quality? Author(s): JUHN, C.; KIM, D. I.; VELLA, Frank Date: 2005 Type of Publication: Article Abstract: This article documents the expansion of college education in the United States and examines to what extent the increase in the number of college graduates may have lead to a decline in the average quality of college ...

Title: The Importance of Composition of Fiscal Policy: Evidence From Different Exchange Rate Regimes Author(s): LANE, Philip R.; PEROTTI, Roberto Date: 2003 Type of Publication: Article Abstract: We study the macroeconomic effects of fiscal policies in an open economy. We emphasize two transmission mechanisms: the cost channel, by which wage government spending and labor taxes raise the real wage firms must pay, ...

Title: The Intrinsic Limits of Modern Economic-Theory - the Emperor Has No Clothes Author(s): KIRMAN, Alan Date: 1989 Type of Publication: Article

Title: The Linkage of Interest Rates Within the Ems Author(s): ARTIS, Michael J.; ZHANG, Wenda Date: 1998 Type of Publication: Article Abstract: The paper explores the linkage between interest rates in Germany and the United States with those on other currencies within the Exchange Rate Mechanism (ERM) of the European Monetary System. Monthly data on money market ...

Title: The Lira and the Pound in the 1992 Currency Crisis: Fundamentals Or Speculation? Author(s): FRATIANNI, Michele; ARTIS, Michael J. Date: 1996 Type of Publication: Article Abstract: The prevalent explanation of the Exchange Rate Mechanism (ERM) currency crisis of September, 1992 is that myopic speculation prevailed over the ''fundamentals.'' Our paper explores the reasons why the Italian lira and the ...

Title: The Modern Corporation - Efficiency, Control, and Comparative Organization Author(s): FITZROY, Felix Date: 1988 Type of Publication: Article

Title: The Natural Real Interest Rate and Monetary Policy: A Review Author(s): GIAMMARIOLI, Nicola; VALLA, Natacha Date: 2004 Type of Publication: Article Abstract: The level of real interest rates actually observed does not necessarily coincide with its natural level. This paper contrasts a number of approaches that have served to elaborate alternative concepts referred to as the ...

Title: The New Soviet Cooperatives - Advances and Limitations Author(s): NUTI, Domenico Date: 1989 Type of Publication: Article

Title: The Option to Leave: Conditional Dissociation in the Evolution of Cooperation Author(s): IZQUIERDO, Segismundo S.; IZQUIERDO, Luis R.; VEGA-REDONDO, Fernando Date: 2010 Type of Publication: Article Abstract: Conditional dissociation, i.e. the option to leave an interacting partner in response to his behaviour, is a mechanism that has been shown to promote cooperation in several settings, but the fundamental features that make ...

Title: The Overnight Interbank Market: Evidence From the G-7 and the Euro Zone Author(s): PRATI, Alessandro; BARTOLINI, Leonardo; BERTOLA, Giuseppe Date: 2003 Type of Publication: Article Abstract: We study the interbank markets for overnight loans of the major industrial countries, linking the behavior of short-term interest rates to the operating procedures of these countries' central banks. We find that many of ...

Title: The political economy of European Monetary Union Author(s): KING, Mervyn A. Date: 1998 Type of Publication: Other Series/Report no.: European Investment Bank Lectures (EIB) Lecture Series

Title: The Price Puzzle in the Monetary Transmission Vars with Long-Run Restrictions Author(s): KRUSEC, Dejan Date: 2010 Type of Publication: Article Abstract: 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 Refoundation of the Symmetric Equilibrium in Schumpeterian Growth Models Author(s): COZZI, Guido; GIORDANI, Paolo; ZAMPARELLI, Luca Date: 2007 Type of Publication: Article Abstract: 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 Relation Between Financial and Housing Wealth: Evidence From Dutch Households Author(s): HOCHGUERTEL, Stefan; VAN SOEST, Arthur Date: 2001 Type of Publication: Article Abstract: 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 ...

Title: The Single Market, the Structural Funds and Ireland's Recent Economic Growth Author(s): BARRY, Frank; BRADLEY, John; HANNAN, Aoife Date: 2001 Type of Publication: Article

Title: The Strange Case of British Earnings-Related Unemployment Benefit Author(s): MICKLEWRIGHT, John Date: 1989 Type of Publication: Article

Title: The Structure of Multiple Credit Relationships: Evidence From US Firms Author(s): GUISO, Luigi; MINETTI, Raoul Date: 2010 Type of Publication: Article Abstract: When firms borrow from multiple concentrated creditors such as banks they appear to differentiate their allocation of borrowing. In this paper, we put forward hypotheses for this borrowing pattern based on incomplete ...

Title: The Survival of Noise Traders in Financial-Markets Author(s): DELONG, J. Bradford; SHLEIFER, Andrei; SUMMERS, Lawrence H.; WALDMANN, Robert Date: 1991 Type of Publication: Article

Title: The Unemployment Problem Author(s): ARTIS, Michael J. Date: 1998 Type of Publication: Article Abstract: The paper reviews the unemployment problem in Europe. It shows that while there is a good deal of heterogeneity in European unemployment experience, a 'European model' of high and persistent unemployment characterizes many ...

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