Estimates of the demand for money provide important foundations for monetary policy setting but if the estimation technique does not explicitly account for structural changes then such estimates will be biased. This paper presents an investigation into the level and stability of money demand...

Most empirical investigations into economic vulnerability focus on the national level. Although some recent contributions investigate vulnerability from a sub-national perspective they contribute to the literature in an aspatial manner, as they do not explicitly account for the relative...

Kosovo declared its independence from Serbia in February 2008, but substantial proportions of its population are expressing their lack of confidence by preparing to emigrate. In this paper we present evidence from a customized post-independence survey (1367 face-to face interviews) on emigration...

In the fifteen years leading up to the financial crisis in 2008, there emerged a great deal of agreement on the optimal design of monetary policy. This policy ‘consensus’ was accompanied also by a widely-shared view of how macroeconomies worked as the ‘Keynesian’ versus ‘monetarist’...

Latvia enjoys the dubious distinction of having the highest population share of ethnic minorities and foreign-born residents in the European Union. In addition there exists a peculiar Latvian “institution”, a category of resident known as “non-citizen”, originating from the Soviet era...

We use three waves of the British Household Panel Survey to examine whether changes in smoking behaviour are correlated with life satisfaction and whether the recent ban on smoking in public places in England, Wales and Northern Ireland has affected this relationship. We find that smokers who...

The paper explores the non-material determinants of happiness. We go beyond the well-established result that individual ‘religiousness’ is positively correlated with happiness and look at a broader spiritual activity - time spent thinking about the meaning and purpose of life (MPL). We study...

This study explores the impact of culture on participative decision making (PDM) and job satisfaction (JS) using data obtained from the European Values Study. We parameterise two different cultural variables using principal components analysis: first a continuum based on survival versus...

This paper presents an empirical investigation into the level and stability of money demand (M1) in Nigeria between 1960 and 2008. In addition to estimating the canonical specification, alternative specifications are presented that include additional variables to proxy for the cost of holding...

One of the most striking features of the financial crisis that began in the autumn of 2007 has been the associated upheaval in conventional interest rate spreads. In the UK, this is most frequently symbolised by the widening (and increased volatility) of the spread between 3-month Libor and the...