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A Long Term Perspective on the Euro
Bordo, Michael D. - 2008
This study grounds the establishment of EMU and the euro in the context of the history of international monetary cooperation and of monetary unions, above all in the U.S., Germany and Italy. The purpose of national monetary unions was to reduce transactions costs of multiple currencies and...
Persistent link: https://www.econbiz.de/10012772728
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Transaction Costs in Dealer Markets : Evidence from the London Stock Exchange
Reiss, Peter C. - 2009
This paper describes regularities in the intraday spreads and prices quoted by dealers on the London Stock Exchange. It develops a measure of spread-related transaction costs, one that recognizes dealers' willingness to price trades within their quoted spreads. This measure of transaction costs...
Persistent link: https://www.econbiz.de/10013155968
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The Industrial Revolution in Services
Hsieh, Chang-Tai - 2019
The rise in national industry concentration in the US between 1977 and 2013 is driven by a new industrial revolution in three broad non-traded sectors: services, retail, and wholesale. Sectors where national concentration is rising have increased their share of employment, and the expansion is...
Persistent link: https://www.econbiz.de/10012868346
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Do Large Modern Retailers Pay Premium Wages?
Cardiff-Hicks, Brianna - 2014
With malls, franchise strips and big-box retailers increasingly dotting the landscape, there is concern that middle-class jobs in manufacturing in the U.S. are being replaced by minimum wage jobs in retail. Retail jobs have spread, while manufacturing jobs have shrunk in number. In this paper,...
Persistent link: https://www.econbiz.de/10013050292
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Does Planning Regulation Protect Independent Retailers?
Sadun, Raffaella - 2014
Regulations aimed at curbing the entry of large retail stores have been introduced in many countries to protect independent retailers. Analyzing a planning reform launched in the United Kingdom in the 1990s, I show that independent retailers were actually harmed by the creation of entry barriers...
Persistent link: https://www.econbiz.de/10013061111
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The Rise of the Low Carbon Consumer City
Holian, Matthew John - 2013
Urban density both facilitates consumption opportunities and encourages individuals to drive less and walk and use public transit more. Using several data sets, we document that high quality of life consumer center cities are low carbon cities. We discuss possible causal channels for this...
Persistent link: https://www.econbiz.de/10013087788
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The Scots May Be Brave But They are Neither Healthy Nor Happy
Bell, David N.F; Blanchflower, David G. - 2021
worse than the rest of Europe. Deaths from chronic liver disease and lung cancer are particularly prevalent in Scotland. The …
Persistent link: https://www.econbiz.de/10013219200
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Cross-Country Inequality Trends
Acemoglu, Daron - 2021
much less, in (continental) Europe over the same time period. I review the two most popular explanations for these … differential trends: that relative supply of skills increased faster in Europe, and that European labor market institutions … where labor market institutions creating wage compression in Europe also encourage more investment in technologies …
Persistent link: https://www.econbiz.de/10013246486
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Exposure to Food Advertising on Television : Associations with Children's Fast Food and Soft Drink Consumption and Obesity
Andreyeva, Tatiana - 2014
There is insufficient research on the direct effects of food advertising on children's diet and diet-related health … Survey-Kindergarten Cohort (ECLS-K) and the Nielsen Company data on spot television advertising of cereals, fast food … food advertising on television and children's food consumption and body weight. Our results suggest that soft drink and …
Persistent link: https://www.econbiz.de/10013068480
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Do Consumer Price Subsidies Really Improve Nutrition?
Jensen, Robert T. - 2014
Many developing countries use food-price subsidies or price controls to improve the nutrition of the poor. However …
Persistent link: https://www.econbiz.de/10013069716