"This paper discusses methodological problems of standard errors and treatment effects. First, heteroskedasticity- and cluster-robust estimates are considered as well as problems with Bernoulli distributed regressors, outliers and partially identified parameters. Second, procedures to determine...

Purpose – The purpose of this paper is to focus upon the financial performance of firms that maintain headquarters in the largest cities and firms based in smaller metropolitan areas. Big city locations offer numerous opportunities. On the other hand, maintaining headquarters in big cities is...

A look at whether we can have an economic recovery without reaccelerating inflation. The authors consider past behavior of prices, wages, capacity utilization, and productivity growth in their analysis.