This paper estimates the effects of monetary policy on the UK economy based on a new, extensive real-time forecast data set. Employing the Romer Romer identification approach we first construct a new measure of monetary policy innovations for the UK economy. We find that a one percentage point...

This paper challenges what is the standard account of UK unemployment, namely that the major swings in unemployment over the past 25 years are due predominantly to movements in the underlying empirical “natural rate of unemployment” (NRU). Our analysis suggests that the British NRU has...

During the recent decades, the transformations in the global economy, technology and economic development have stimulated the growth of service sector, especially the growth of producer services at the international level. The producer services support the growth of economy and investment and...

All European Union (EU) member states have to comply with the demanding recycling rates targets that were set for the recovery of packaging waste in the Directive 94/62/EC. Nevertheless, each country has its own system for accomplishing these targets. Some already had national legislation when...

In this paper I measure the impact of urbanisation and localisation economies on commercial rents (offices and industrial buildings) using unique micro-data on both commercial property transactions, as well as all firm (establishment) locations. I add to the literature in three important ways....

This study evaluates a regional full employment initiative using the synthetic control method introduced by Abadie and Gardeazabal (2003). The aim of the Paltamo Full Employment (PFE) experiment launched in 2009 is to reverse the trend of high and persistent unemployment in contracting regions....

This paper examines the role of genetic factors and shared environment in explaining the choice of working in the public sector and public-private sector pay gaps. The analyses are done using data for Finnish twins that span the period from 1990 to 2004. The data are based on two sources. The...

The paper focuses on the analysis of spatial clusters of creative industries in Slovakia using micro-geographic data. The notion of spatial clustering of creative industries is deeply embedded in the literature, showing that firms in creative industries tend to cluster mostly in large cities or...

Public spending devolution in practice is widely seen as more appropriate for addressing varied political aspirations within state boundaries than is tax devolution. A drawback is that devolved public spending may be subject to irresistible upward pressure, as illustrated by 'formula drift' of...