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Buiter, Willem H. - London School of Economics (LSE) - 2008

The paper draws lessons from the experience of the past year for the conduct of central banks in the pursuit of macroeconomic and financial stability. Macroeconomic stability is defined as either price stability or as price stability and sustainable output or employment growth. Financial...

Persistent link: https://www.econbiz.de/10010745389

Reconciling workless measures at the individual and household level: theory and evidence from the United States, Britain, Germany, Spain and Australia

Gregg, Paul; Scutella, Rosanna; Wadsworth, Jonathan - London School of Economics (LSE) - 2004

market performance. We outline a means of quantifying the extent of any disparity, (polarisation), in the signals stemming … individual and household based workless measures. The polarisation count can be decomposed to identify which household groups are … worklessness among these household groups. We show that the incidence and magnitude of polarisation varies widely across countries …

Persistent link: https://www.econbiz.de/10010744988

On the measurement of polarisation: a questionnaire study

Amiel, Yoram; Cowell, Frank - London School of Economics (LSE) - 2007

Starting from the axiomatisation of polarisation contained in Esteban and Ray (1994) and Chakravarty and Majumdar (2001 …) we investigate whether people's perceptions of income polarisation is consistent with the key axioms. This is carried out … responses suggest that important axioms which serve to differentiate polarisation from inequality - e.g. increased …

Persistent link: https://www.econbiz.de/10010745093

Two sides to every story: measuring the polarisation of work

Gregg, Paul; Wadsworth, Jonathan - London School of Economics (LSE) - 2004

show that there has been a growing disparity ¿ polarisation - between the individual and household based jobless measures …

Persistent link: https://www.econbiz.de/10011071451

Strategies and counter-strategies: China in the Andean region of South America

Chimienti, Ádam; Creutzfeldt, Benjamin - London School of Economics (LSE) - 2014

By employing a comparative method that analyzes China’s increasing presence in different Latin America countries, this study explores key features and implications of Beijing’s approach towards this region. Colombia, Ecuador and Peru are used as case studies to evaluate China’s diplomatic...

Persistent link: https://www.econbiz.de/10011186584

Knowledge spillovers from clean and dirty technologies

Dechezlepretre, Antoine; Martin, Ralf; Mohnen, Myra - London School of Economics (LSE) - 2014

How much should governments subsidize the development of new clean technologies? We use patent citation data to investigate the relative intensity of knowledge spillovers in clean and dirty technologies in two technological fields: energy production and transportation. We introduce a new...

Persistent link: https://www.econbiz.de/10011126025

The variable impact of the global economic crisis in South East Europe

Bartlett, Will; Prica, Ivana - London School of Economics (LSE) - 2012

This paper studies the variable impact of the global economic crisis on the post-communist countries of South East Europe and Turkey. The central question is whether the institutional reforms introduced in the former group of countries during the transition period have improved their ability to...

Persistent link: https://www.econbiz.de/10010884718

Environmental policy and the economic downturn

Bowen, Alex; Stern, Nicholas - London School of Economics (LSE) - 2010

This paper considers how environmental policies should respond to macroeconomic downturns. It first explores the implications of the global economic downturn of 2008-09 for environmental policies, focusing in particular on the example of action against climate change. The arguments for and...

Persistent link: https://www.econbiz.de/10010744909

Systemic sovereign risk: macroeconomic implications in the euro area

Bahaj, Saleem A. - London School of Economics (LSE) - 2014

What are the macroeconomic implications of changes in sovereign risk premia? In this paper, I use a novel identification strategy coupled with a new dataset for the Euro Area to answer this question. I show that exogenous innovations in sovereign risk premia were an important driver of the...

Persistent link: https://www.econbiz.de/10011126365

Publicity of debate and the incentive to dissent: evidence from the US federal reserve

Meade, Ellen E.; Stasavage, David - London School of Economics (LSE) - 2004

When central banks are transparent about their decision making, there may be clear benefits in terms of credibility, policy effectiveness, and improved democratic accountability. While recent literature has focused on all of these advantages of transparency, in this paper we consider one...

Persistent link: https://www.econbiz.de/10011071288