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Cable and Satellite - The Market for Programmes
Veljanovski, Cento G - C.E.P.R. Discussion Papers - 1987
The development of cable and satellite television has not occurred as rapidly in the United Kingdom as initially anticipated. The paper examines cable and satellite policy in the context of the Peacock Report's proposals for broadcasting reform. The concept of a national telecommunications grid...
Persistent link: https://www.econbiz.de/10005666401
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Commercial Broadcasting in the UK - Over-Regulation and Misregulation?
Veljanovski, Cento G - C.E.P.R. Discussion Papers - 1987
The regulation of commercial television and broadcasting in the United Kingdom has evolved from the principles of … public service broadcasting. Much of this regulation is paternalistic and does not place great emphasis on the most effective … regulation in the light of the recent recommendations of the Peacock Committee. In particular, the objectives of broadcasting are …
Persistent link: https://www.econbiz.de/10005666530
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British Economic Growth Before and After 1979: A Review of the Evidence
Crafts, Nicholas - C.E.P.R. Discussion Papers - 1988
The paper surveys the evidence on British economic growth performance since the war. It is shown that the hypotheses proposed by Bacon and Eltis, Kaldor and Thirlwall to account for slow growth are inadequate and that supply side problems leading to poor productivity performance are the most...
Persistent link: https://www.econbiz.de/10005791602
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Technology Shocks and Employment
Collard, Fabrice; Dellas, Harris - C.E.P.R. Discussion Papers - 2003
Recent empirical work has suggested that in response to a positive technology shock, labour productivity rises more than output, while employment shows a persistent decline. This finding has raised doubts concerning the relevance of the RBC model as well as the quantitative significance of...
Persistent link: https://www.econbiz.de/10005662191
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Can Delegation be Counterproductive? The Choice of 'Conservative' Bankers in Open Economies
Currie, David; Levine, Paul L; Pearlman, Joseph - C.E.P.R. Discussion Papers - 1995
This paper provides a comprehensive assessment of the open economy aspects of the 'delegation game' in which the operation of monetary policy is delegated to independent and `conservative' central bankers with a greater dislike of inflation than the public. When all countries optimally and...
Persistent link: https://www.econbiz.de/10005662310
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An Intertemporal Version of Mundell's Two-Country Flexible Exchange Rates Model with Disequilibrium Microfoundations: Is Policy Interdependence Inevitable?
Rankin, Neil - C.E.P.R. Discussion Papers - 1987
As a companion to a previous paper, monetary and fiscal policy are analyzed in (a) a small open economy and (b) a two-country world, where in addition to a fixed wage causing unemployment, countries now produce specialized products whose prices are fixed, causing excess supply. There are two...
Persistent link: https://www.econbiz.de/10005662363
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A Two-Country Model of Endogenous Growth
Farmer, Roger E A; Lahiri, Amartya - C.E.P.R. Discussion Papers - 2002
In this Paper we study the competitive equilibria of a two-country endogenous growth model in which the source of growth is the linearity of technology in reproducible inputs. We begin by showing that in a model with no externalities there is a unique equilibrium; however, there are multiple...
Persistent link: https://www.econbiz.de/10005662371
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US Imbalances: The Role of Technology and Policy
Bems, Rudolfs; Dedola, Luca; Smets, Frank - C.E.P.R. Discussion Papers - 2007
This paper investigates the role of three likely factors in driving the steady deterioration of the US external balance: US technology developments, changes in the US government fiscal position and the Fed’s monetary policy. Estimating several Vector Autoregressions on US data over the period...
Persistent link: https://www.econbiz.de/10005789011
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Inflation Targeting in a Small Open Economy
Sutherland, Alan - C.E.P.R. Discussion Papers - 2001
A small open economy model is presented, which allows explicit treatment of uncertainty and its effects on macroeconomic behaviour. Inflation targeting is compared to the welfare maximizing monetary rule and to a fixed nominal exchange rate. It is found that flexible inflation targeting produces...
Persistent link: https://www.econbiz.de/10005791982
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Designing Institutions for International Monetary Policy Coordination
Padilla, Atilano Jorge - C.E.P.R. Discussion Papers - 1995
In this paper we study the adjustment of a N-country world economy to an unfavourable common supply shock. We show that world-wide monetary policy coordination is essential to achieve an optimal adjustment to the common shock, but that its actual implementation requires careful design to ensure...
Persistent link: https://www.econbiz.de/10005792400