Showing 1 - 10 of 3,247
role of an active market for corporate control and of competition in banking integration. European listed banks … profitability appears to converge to a common level. There is weak evidence that competition eliminates high profits for these banks …
Persistent link: https://www.econbiz.de/10012757853
Environmental policies may have important consequences for firms' competitiveness or profit-ability. However, the empirical literature shows that hardly any statistically significant effects on firms can be detected for the European Union Emissions Trading Scheme (EU ETS). We explain why there...
Persistent link: https://www.econbiz.de/10011785693
The potentially adverse impact of carbon pricing on the competitiveness of businesses and economies has been a matter of concern to industry and policymakers. It has also been a barrier to progress on carbon pricing. The Carbon Pricing Leadership Coalition launched the High-Level Commission on...
Persistent link: https://www.econbiz.de/10012646596
of enforcement activity by European competition authorities in labor markets relative to the US. While enforcement action … competition enforcement in labor markets. The article identifies sectors and practices that may be scrutinized with priority by … European competition authorities and proposes a mix of enforcement, merger control and well-targeted policy and regulatory …
Persistent link: https://www.econbiz.de/10013415712
internationally comparable data. This paper reviews measurement methodologies, posits desired attributes, and presents theoretical and …
Persistent link: https://www.econbiz.de/10012316940
internationally comparable data. This paper reviews measurement methodologies, posits desired attributes, and presents theoretical and …
Persistent link: https://www.econbiz.de/10012002694
We evaluate progress in President's Johnson's War on Poverty. We do so relative to the scientifically arbitrary but policy relevant 20 percent baseline poverty rate he established for 1963. No existing poverty measure fully captures poverty reductions based on the standard that President Johnson...
Persistent link: https://www.econbiz.de/10012149105
This paper exploits a data rich environment to provide direct econometric estimates of time-varying macroeconomic uncertainty, defined as the common volatility in the unforecastable component of a large number of economic indicators. Our estimates display significant independent variations from...
Persistent link: https://www.econbiz.de/10013075857
Over the last twenty-five years, a set of influential studies has placed interest rates at the heart of analyses that interpret and evaluate monetary policies. In light of this work, the Federal Reserve's recent policy of "quantitative easing," with its goal of affecting the supply of liquid...
Persistent link: https://www.econbiz.de/10013053840
A number of economic studies have used a proxy for world real economic activity derived from shipping costs. This measure turns out to depend on a normalization that has substantive consequences of which users of the index had been unaware prior to this paper. This paper further evaluates this...
Persistent link: https://www.econbiz.de/10013233754