The German meat market is facing considerable changes. Along with the boom of case-ready and discount stores, butchers and smaller retailers loose market shares, and private labels become widely accepted. The consumers' preferences are often neglected by these trends. This contribution discusses...

The impact of monetary policy in large advanced countries on emerging market economies—dubbed spillovers—is hotly debated in global and national policy circles. When the U.S. resorted to unconventional monetary policy, spillovers on asset prices and capital flows were significant,...

Unconventional monetary policy is often assumed to benefit banks. However, we find little supporting evidence. Rather, we find some evidence for heightened medium-term risks. First, in an event study using a novel instrument for monetary policy surprises, we do not detect clear effects of...

Economic theory suggests that in a competitive market, prices tend to converge. This article examines the prices of small-denomination ($100,000) certificates of deposit (CDs) offered by commercial banks in 50 major US cities. Owing to information provided by internet websites, the markets for...

This paper presents the most comprehensive estimates yet developed of US federal government energy subsidies and incentives over the past 50 years â $644 billion. It shows that the federal government has subsidised the energy industries â nuclear, coal, oil, natural gas, renewables â using...

Since US deregulation, over 200 airlines have started up and failed (Rosen, 1995). While competitive pressures and economic conditions were a factor in the failure of many carriers, the issue of rapid growth and service quality has been blamed for the demise of these carriers. This paper...