Though the hypothesis that exchange rate regimes fully predetermine monetary policy in the face of external shocks hardly finds any advocates in the field of theory, it has crept into empirical research. This study adopts a careful and rigorous empirical approach that looks at monetary policy...

We examine the impact of housing wealth on labor supply decisions using data on exogenous local variation in house prices merged into household panel data for Britain. Our estimates are conditioned on variations in local labor demand and income expectations as these may co-determine housing...

This paper examines whether rising house prices immediately prior to children entering college have an impact on their earnings as adults. Higher house prices provide homeowners with additional funding to invest in their children’s human capital but also raise housing costs. The results show...

This paper presents estimates of wealth effects on consumer spending using the first wave of a new survey of household finances (EFF 2002) that contains direct measures of asset holdings and consumption. A distinguishing feature of the EFF is the availability of such information from a...

In this paper I estimate the impact of changes in real and financial wealth on private consumption for a panel of 17 emerging economies from Asia and Central and Eastern Europe. Households' consumption, income and the two measures of real and financial wealth – proxied by house and stock...

La concentrazione spaziale delle attività economiche, a causa delle implicazioni che può avere per la crescita economica locale e le disparità territoriali, è un fenomeno di grande interesse per l’economia e le scienze regionali. È stato tuttavia riconosciuto che un ostacolo rilevante...

L’obiettivo principale del presente lavoro è la valutazione del contributo informativo allo studio del fenomeno del sommerso nel territorio nazionale fornito dall’integrazione di archivi amministrativi. In particolare il lavoro si basa sull’abbinamento delle imprese presenti...

This paper reports an attempt to investigate the extent of club-convergence amongst the prefectures of Greece during the time period 1980-2005. A model is developed in an attempt to assess the impact of agglomerations and regional capacities on the innovation and adoption of technology....