The effect of bank heterogeneity on the transmission of monetary policy is capturing an increasing attention, and the debate on how bank specific characteristics may determine their reaction to monetary actions is mounting. This paper participates in this flow of research by studying the...

In his 2008 Journal of Health Economics paper, Jochen Hartwig claimed that Baumol’s Cost Disease (BCD) theory could explain observed increases in health care expenditures in OECD countries. This paper replicates Hartwig’s results and demonstrates that he tested the wrong hypothesis. When one...

Since China's reform and opening up, the urban economy has substantially developed, and the nation’s urbanization process has advanced to gradually enter a "new normal" phase. In this process, China's population and industries continue to inundate its cities, and environmental pollution has...