Results

Journal article

The Economic Journal:

Guarding the guardians

Good government requires some restraints on the powerful but how can those be imposed if there is no-one above them? This article studies the equilibrium allocation of power and resources established by self-interested i...Read more...

Journal article

Review of Environmental Economics and Policy:

The impacts of environmental regulations on competitiveness

This article reviews the empirical literature on the impacts of environmental regulations on firms? competitiveness as measured by trade, industry location, employment, productivity, and innovation. The evidence shows th...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Firm Size and Judicial Efficiency in Italy: Evidence from the Neighbour's Tribunal

We investigate the causal relationship between judicial efficiency and firm size across Italian municipalities, exploiting spatial discontinuities in tribunals' jurisdiction for identification. Results show that halving ...Read more...

CEP discussion paper

A Task-Based Approach to Organization: Knowledge, Communication and Structure

We bridge a gap between organizational economics and strategy research by developing a task-based approach to analyze organizational knowledge, process and structure, and deriving testable implications for the relation b...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Minimum Wages and Schooling: Evidence from the UK's Introduction of a National Minimum Wage

This paper uses the introduction of the national minimum wage in the UK in April 1999 as a `natural experiment? to analyse the impact of minimum wages on enrolment in schooling. At the time of its introduction, only work...Read more...

CEP discussion paper

Talking Less and Moving the Market More: Is this the Recipe for Monetary Policy Effectiveness? Evidence from the ECB and the Fed

This paper examines and compares the communication strategies of the Federal Reserve and the European Central Bank, and their effectiveness. First we do a comparative study exercise. We find that on monetary policy commi...Read more...

CEP discussion paper

The Impact of Central Bank Announcements on Asset Prices in Real Time: Testing the Efficiency of the Euribor Futures Market

This paper examines the effect of European Central Bank communication on the price discovery process in the Euribor futures market using a new tick-by-tick dataset. First, we show that two pieces of news systematically h...Read more...

CEP discussion paper

Is ECB Communication Effective?

In its Monthly Bulletin of November 2002, the European Central Bank (ECB) stated that the monthly press conference held by its President represents one of its most important communication channels and that it provides a ...Read more...