We examine whether financial capability has impacts on psychological health independent of income and financial resources more generally using a nationally representative survey. British Household Panel Survey data are used to construct a measure of financial capability, which we relate to...

We identify patterns of self-employment entry, exit and survival in a sample of EU countries and examine factors that explain individuals’ self-employment experiences within and between countries. We estimate a range of models, including dynamic random effects models that endogenise the...

We use data from the Labour Force Survey to show that employed and unemployed job seekers in Great Britain originate from different occupations and find jobs in different occupations. We find substantial differences in occupational mobility between job seekers: employed job seekers are most...

We use the British Household Panel Survey (BHPS) to analyse whether employed and unemployed job seekers are substitutes by comparing their individual characteristics and past (un)employment and job histories. Since the BHPS does not directly collect information on job search activities of...

The quality of an exchange rate forecasting model has typically been judged relative to a random-walk in terms of out-of-sample forecast errors. The difficulty of outperforming this benchmark is well documented, although Clarida and Taylor have demonstrated how the random walk can be beaten in...

We describe the relationship between non-employment rates and age in Britain and consider how this relationship has been changing with the economic cycle. Using data from the British Household Panel Survey for survey years 1991–2008 and Understanding Society for 2009, we show that...

We examine the determinants of capital flows to four developing countries during the 1990s using an explicitly disequilibrium econometric framework in which the supply and demand for capital are not necessarily equal and the actual amount of the flow is determined by the ‘short side’ of the...

This article deals with hysteresis in the fundamental equilibrium exchange rate (FEER) arising from misalignment. When the actual real exchange rate departs from its FEER value, current account realisations—and consequently, debt service obli gations—will differ from those assumed...