Metropolitan growth has been dramatic in the past several decades, and today metropolitan regions are recognized as the main driving forces in national growth and development as well as in national and global innovation processes. The purpose of this book is to contribute to a better...

By empirically assessing the competitiveness of 505 cities around the world from regional, national and other perspectives, this book not only ranks these cities but also presents a treasure trove of information with regard to each city’s relative strengths and weaknesses. This unique resource...

Chapter 1: The Startup Common -- Part 1: Exploring the Startup Common -- Chapter 2: Creating Pillar Companies -- Chapter 3: Launching Startups from Universities -- Chapter 4: Deepening the Human Capital Pool -- Chapter 5: Sourcing Investment Capital -- Chapter 6: Building Mentor Networks --...

Tourism and the Built Environment -- Architectural Tourism in the Spatial and Temporal Urban Context -- Contemporary Architecture and the Destination Image -- Architectural Tourism and the Spectaculture.

We use a version of the New Area-Wide Model (NAWM) developed at the ECB in order to quantify the gains from monetary policy cooperation. The model is calibrated in order to match a set of empirical moments. We then derive the cooperative and (open-loop) Nash monetary policies, assuming that the...

This paper estimates a Bayesian VAR for the US economy which includes a housing sector and addresses the following questions. Can developments in the housing sector be explained on the basis of developments in real and nominal GDP and interest rates? What are the effects of housing demand shocks...

In this paper, we study Ramsey-optimal fiscal and monetary policy in a mediumscale model of the U.S. business cycle. The model features a rich array of real and nominal rigidities that have been identified in the recent empirical literature as salient in explaining observed aggregate...

We develop and estimate a stylized micro-founded model of the US economy. Next we compute the parameters of a simple interest rate policy rule that maximizes the unconditional mean of utility. We show that such a welfare-based rule lies close to the Taylor efficiency frontier. A counterfactual...

The paper shows that US monetary policy has been an important determinant of global equity markets. Analysing 50 equity markets worldwide, we find that returns fall on average around 3.8% in response to a 100 basis point tightening of US monetary policy, ranging from a zero response in some to a...