After outlining some of the monetary developments associated with Quantitative Easing (QE), we measure the impact of the UK's initial 2009-10 QE Programme on bonds and other assets. First, we use a macro-finance yield curve both to create a counterfactual path for bond yields and to estimate the...

We undertake a variance decomposition of index-linked bond returns for the US, UK and Iceland. In all cases, news about future excess returns is the key driver though only for Icelandic bonds are returns independent of inflation.

This paper evaluates the short- and medium-term health impacts of offering families with children under 5 universal access to centres providing childcare, health services, parenting support and parental job assistance. Increased access to these centres during early childhood increases the...

We provide a framework to disentangle the role of preferences and beliefs in health behavior, and we apply it to compliance behavior during the acute phase of the COVID-19 pandemic. Using rich data on subjective expectations collected during the spring 2020 lockdown in the UK, we estimate a...

Early Childhood Interventions (ECI) offering disadvantaged children preschool and family support services in the US show long-lasting health impacts. Can these benefits hold when these programs are offered to all children in contexts with universal healthcare? We evaluate the short- and...