Content
2024
- 118 We develop a macroeconomic agent-based model to study the joint impact of borrower- and lender-based prudential policies on the housing and credit markets and the economy more widely. We perform three experiments: (i) an increase of total capital requirements; (ii) an introduction of a loan-to-income (LTI) cap on mortgages to owner-occupiers; and (iii) a joint introduction of both experiments at the same time. Our results suggest that tightening capital requirements leads to a sharp decrease in commercial and mortgage lending, and housing transactions. When the LTI cap is in place, house prices fall sharply relative to income, and the homeownership rate decreases. When both policy instruments are combined, we find that housing transactions and prices drop. Both policies have a positive impact on real GDP and unemployment, while there is no material impact on inflation and the real interest rate
by Marco Bardoscia & Adrian Carro & Marc Hinterschweiger & Mauro Napoletano & Lilit Popoyan & Andrea Roventini & Arzu Uluc - 117 The Real Effects of Brexit on Labor Demand: Evidence from Firm-level Data
by Hang Do & Kiet Duong & Toan Huynh & Nam T. Vu - 116 Extreme weather and corporate fixed asset policies: leasing as alternative finance
by Kiet Tuan Duong & Luu Duc Toan Huynh - 115 A land of sages: A legacy of former elites and university professors in Vietnam
by Luu Duc Toan Huynh & Kiet Tuan Duong - 114 Defining Just Transition
by Giorgos Galanis & Mauro Napoletano & Lilit Popoyan & Alessandro Sapio & Olivier Vardakoulias
2023
- 113 The Global Political Economy of a Green Transition
by Giorgos Galanis & Giorgio Ricchiuti & Ben Tippet - 112 Financialisation, Underemployment, & the Disconnected Greek Capitalism
by Giorgos Gouzoulis & Panagiotis (Takis) Iliopoulos & Giorgos Galanis - 111 How Do Firms Adjust When Trade Stops?
by Povilas Lastauskas & Aurelija Proskute & Alminas Zaldokas - 110 Individual Pay for Collective Performance and Deforestation: Evidence from Brazil
by Po Yin Wong & Karlygash Kuralbayeva & Liana O. Anderson & Ana M. Pessoa & Torfinn Harding
2022
- 109 EU-induced Financialisation and Its Impact on the Greek Wage Share, 1999-2021
by Giorgos Gouzoulis & Panagiotis (Takis) Iliopoulos & Giorgos Galanis - 108 New trends in South-South migration: The economic impact of COVID-19 and immigration enforcement
by Roxana Gutierrez-Romero & Nayeli Salgado - 107 Violence in Guatemala pushes adults and children to seek work in Mexico
by Roxana Gutierrez-Romero - 106 A Baseline Model of Behavioral Political Cycles and Macroeconomic Fluctuations
by Corrado Di Guilmi & Giorgos Galanis & Christian Proaño
2020
- 105 COVID-19 response needs to broaden financial inclusion to curb the rise in poverty
by Mostak Ahamed & Roxana Gutiérrez-Romero - 104 Conflict in Africa during COVID-19: social distancing, food vulnerability and welfare response
by Roxana Gutiérrez-Romero - 103 Inequality, persistence of the informal economy, and club convergence
by Roxana Gutiérrez-Romero - 102 Inequality affects long-run growth: Cross-industry, cross-country evidence
by Roxana Gutiérrez-Romero - 101 The contrasting effects of ethnic, cultural and immigrant diversity on entrepreneurship and job creation
by Roxana Gutiérrez-Romero - 100 Does vocational education pay off in China? Instrumental-variable quantile-regression evidence
by Li Dai & Pedro S. Martins - 99 The Problem of Earlier Rights: Evidence from the European Trademark System
by Georg von Graevenitz & Stuart J.H. Graham & Amanda Myers
2019
- 98 Distance (Still) Hampers Diffusion of Innovations
by Georg von Graevenitz & Stuart J.H. Graham & Amanda Myers - 97 Searching for Carbon Leaks in Multinational Companies
by Antoine Dechezleprêtre & Caterina Gennaioli & Ralf Martin & Mirabelle Muûls & Thomas Stoerk
2018
- 96 Rent sharing in China: Magnitude, heterogeneity and drivers
by Wenjing Duan & Pedro S. Martins - 95 Making their own weather? Estimating employer labour-market power and its wage effects
by Pedro S. Martins - 94 The European Patent System: A Descriptive Analysis
by Georg von Graevenitz & Antanina Garanasvili - 93 The Microeconomic Impacts of Employee Representatives: Evidence from Membership Thresholds
by Pedro S. Martins - 92 Factor prices and induced technical change in the Industrial Revolution
by Ravshonbek Otojanov and Roger Fouquet - 91 Energy Transitions, Directed Technical Change and the British Industrial Revolution
by Ravshonbek Otojanov - 90 Explaining inter-ethnic and inter-religious marriage in Sub-Saharan Africa
by Sanghamitra Bandyopadhyay & Elliott Green - 89 The Wider Impacts of High-Technology Employment: Evidence from U.S. Cities
by Thomas Kemeny & Taner Osman - 88 The effect of self-employment on health: Evidence from longitudinal social security data
by Judite Goncalves & Pedro S. Martins - 87 Evaluating Public-Private Partnerships in Employment Services: The Case of the UK Work Programme
by Danula K. Gamage & Pedro S. Martins
2017
- 86 Impact of macro-structural reforms on the productivity growth of regions: distance to the frontier matters
by Sabine D’Costa & Enrique Garcilazo & Joaquim Oliveira Martins - 85 Clicking towards Mozambique's New Jobs: A research note
by Pedro S. Martins - 84 How does inequality affect long-run growth?
by Roxana Gutiérrez-Romero - 83 Does inequality foster or hinder the growth of entrepreneurship in the long-run?
by Roxana Gutiérrez-Romero & Luciana Mendez-Errico - 82 Toxic roads: Unearthing hazardous waste dumping
by Caterina Gennaioli & Gaia Narciso - 81 (How) Do Non-Cognitive Skills Programs Improve Adolescent School Achievement? Experimental Evidence
by Pedro S. Martins
2016
- 80 Public Goods and Ethnic Diversity: Evidence from Deforestation in Indonesia
by Alberto Alesina & Caterina Gennaioli & Stefania Lovo - 79 Employment Resilience through Services Exports? Evidence from Matched Employer-Employee Data
by Pedro S. Martins - 78 Squared Segmentation: How the Insider/Outsider divide across Public/Private Employment shapes attitudes towards markets
by Brigitte Granville & Jaume Martorell Cruz - 77 Do wages increase when severance pay drops? Not in recessions
by Pedro S. Martins - 76 Intensive Mothering and Well-being: The Role of Education and Child Care Activity
by Jose Ignacio Gimenez Nadal & Almudena Sevilla - 75 The third worker: Assessing the trade-off between employees and contractors
by Pedro S. Martins - 74 The persistence of inequality across Indian states
by Sanghamitra Bandyopadhyay - 73 Should the maximum duration of fixed-term contracts increase in recessions? Evidence from a law reform
by Pedro S. Martins - 72 Can overtime premium flexibility promote employment? Firm- and worker-level evidence from a labour law reform
by Pedro S. Martins - 71 Does Online Search Predict Sales? Evidence from Big Data for Car Markets in Germany and the UK
by Georg von Graevenitz & Christian Helmers & Valentine Millot & Oliver Turnbull - 70 The Host with the Most? The Effects of the Olympic Games on Happiness
by Paul Dolan & Georgios Kavetsos & Christian Krekel & Dimitris Mavridis & Robert Metcalfe & Claudia Senik & Stefan Szymanski & Nicolas R Ziebarth - 69 A Pseudo-Panel Approach to Estimating Dynamic Effects of Road Infrastructure Provision on Firm Performance in a Developing Country Context
by Samira Barzin & Sabine D'Costa & Daniel Graham - 68 No Extension without Representation? Evidence from a Natural Experiment in Collective Bargaining
by Alexander Hijzen & Pedro S. Martins - 67 Danger to the Old Lady of Threadneedle Street? The Bank Restriction Act and the Regime Shift to Paper Money, 1797-1821
by Patrick K. O’Brien & Nuno Palma - 66 Without my Medal on my Mind: Counterfactual Thinking and Other Determinants of Athlete Emotions
by Laura Kudrna & Georgios Kavetsos & Chloe Foy & Paul Dolan - 65 An individual-based approach to measurement of multiple-period mobility for nominal and ordinal variables
by Sanghamitra Bandyopadhyay & Gaston Yalonetzky - 64 Bias in Returns to Tenure When Firm Wages and Employment Comove: A Quantitative Assessment and Solution
by Pedro Martins & Andy Snell & Heiko Stueber & Jonathan Thomas
2015
- 63 Elites, Thickets and Institutions: French Resistance versus German Adaptation to Economic Change, 1945-2015
by Brigitte Granville & Jaume Martorell Cruz & Martha Prevezer - 62 The Diversity of Personnel Practices and Firm Performance
by Pedro S. Martins - 61 Working to get fired? Regression discontinuity effects of unemployment benefit eligibility on prior employment duration
by Pedro S. Martins - 60 Technology Entry in the Presence of Patent Thickets
by Bronwyn H. Hall & Christian Helmers & Georg von Graevenitz - 59 Related variety in Chinese cities: local and Foreign Direct Investment related variety and impacts on urban growth
by Junsong Wang & Martha Prevezer - 58 Financialized Accounting: Capitalization and leveraging the intangible
by Colin Haslam & Nick Tsitsianis - 57 Knowledge Spillovers, absorptive capacity and growth: An Industry-level Analysis for OECD Countries
by Ioannis Bournakis & Dimitris Christopoulos & Sushanta Mallick
2014
- 56 Eurozone cycles: an analysis of phase synchronization
by Brigitte Granville & Sana Hussain - 55 Technological diversification in China: Based on Chinese patent analysis during 1986-2011
by Lutao Ning & Martha Prevezer & Yuandi Wang - 54 Institutional choices for low-income countries: state capacity, property rights and development paths in Tanzania
by Martha Prevezer - 53 Top Management Turnover and Corporate Governance in China: effects on innovation performance
by Lutao Ning & Martha Prevezer & Yuandi Wang - 52 Reemployment effects from increased activation: Evidence from times of crisis
by Pedro S. Martins & Sofia Pessoa e Costa - 51 30,000 minimum wages: The economic effects of collective agreement extensions
by Pedro S. Martins - 50 Conflicting incentives for the public to support the EMU
by Brigitte Granville & Dominik Nagly - 49 Conflict Resolution, Public Goods and Patent Thickets
by Dietmar Harhoff & Georg von Graevenitz & Stefan Wagner
2013
- 48 Merger regulation, firms, and the co-evolutionary process: An empirical study of internationalisation in the UK alcoholic beverages industry 1985-2005
by Julie Bower & Howard Cox - 47 Determinants of relative bargaining power in monetary unions
by Brigitte Granville & Dominik Nagly - 46 Urbanization and Mortality Decline
by Sanghamitra Bandyopadhyay & Elliott Green - 45 Measuring Firm-Level Productivity Convergence in the UK: The Role of Taxation and R&D Investment
by Ioannis Bournakis & Sushanta Mallick & David Kernohan & Dimitris A.Tsouknidis - 44 Do Immigrants Displace Native Workers? Evidence from Matched Panel Data
by Pedro S. Martins, Matloob Piracha and José Varejão - 43 Apple’s financial success. The precariousness of power exercised in global value chains
by Colin Haslam, Nick Tsitsianis and Y Ping Yin - 42 The Current Eurozone – an impediment to critical French reform
by Brigitte Granville - 41 On the Relationship Between Fertility and Wealth: Evidence from Widow Suicides (Satis) in Early Colonial India
by Sanghamitra Bandyopadhyay and Elliott Green
2012
- 40 The Vulnerable Are Not (Necessarily) the Poor
by Sanghamitra Bandyopadhyay - 39 Pre-Colonial Political Centralization and Contemporary Development in Uganda
by Sanghamitra Bandyopadhyay and Elliott Green - 38 Add Producers and Stir? (Re) politicizing Fairtrade participation
by Shannon Sutton
2010
- 37 Cronyism
by Pedro S. Martins - 36 Two-stage public-private partnership proposal for R&D on neglected diseases
by Brigitte Granville & Eshref Trushin - 35 The hope for neglected diseases: R&D incentives
by Brigitte Granville & Eshref Trushin - 34 Over-indebtedness and the interplay of factual and mental money management: An interview study
by Bernadette Kamleitner & Bianca Hornung & Erich Kirchler - 33 The impact of technological regimes on patterns of sustained and sporadic innovation activities in UK industries
by Marion Frenz & Martha Prevezer - 32 Geographic clustering and network evolution of innovative activities: Evidence from China’s patents
by Martha Prevezer & Pietro Panzarasa & Tore Opsahl - 31 The Role of Informal Institutions in Corporate Governance: Brazil, Russia, India and China Compared
by Saul Estrin & Martha Prevezer - 30 Firm Performance and the Geography of FDI: Evidence from 46 Countries
by Yong Yang & Pedro S. Martins
2009
- 29 Individual Teacher Incentives, Student Achievement and Grade Inflation
by Pedro S. Martins - 28 The Impact of Privatisation on the Efficiency of Train Operation in Britain
by Luisa Affuso & Alvaro Angeriz & Michael Pollitt - 27 Trust In Fairtrade: The 'Feel-Good' Effect
by Brigitte Granville
2008
- 26 R&D offshoring and the domestic science base in India and China
by Suma Athreye & Martha Prevezer - 25 The emergence of markets and capabilities, dynamic transaction costs and institutions: effects on organizational choices in offshored and outsourced business services in China
by Martha Prevezer - 24 Dismissals for cause: The difference that just eight paragraphs can make
by Pedro S. Martins - 23 Corporate Brand Building at Shell-Mex Ltd in the Interwar Period
by Michael Heller - 22 Coupling: the implicit assumption behind sunk cost effect and related phenomena
by Bernadette Kamleitner - 21 Shifting Patterns in Marks and Registration: France, the United States and United Kingdom, 1870-1970
by Paul Duguid & Teresa da Silva Lopes & John Mercer - 20 Returns to Scale for EU Regional Manufacturing
by Alvaro Angeriz & John McCombie & Mark Roberts - 19 A Decade of Changing Pattern of Poverty in Great Britain
by Alvaro Angeriz & Shanti Chakravarty - 18 Turning Trade Marks into Brands: how Advertising Agencies Created Brands in the Global Market Place, 1900-1930
by Stefan Schwarzkopf - 17 Paying More to Hire the Best? Foreign Firms, Wages and Worker Mobility
by Pedro S. Martins - 16 Is firm performance driven by fairness or tournaments? Evidence from Brazilian matched data
by Luiz A. Esteves & Pedro S. Martins - 15 Foreign Ownership, Employment and Wages in Brazil: Evidence from Acquisitions, Divestments and Job Movers
by Pedro S. Martins & Luiz A. Esteves - 14 Is There Rent Sharing in Developing Countries? Matched-Panel Evidence from Brazil
by Pedro S. Martins & Luiz A. Esteves - 13 Worker Churning and Firms’ Wage Policies
by Pedro S. Martins - 12 Rent Sharing Before and After the Wage Bill
by Pedro S. Martins - 11 Scratch a Would-Be Planner: Robbins, Neoclassical Economics and the End of Socialism
by Brigitte Granville & Judith Shapiro - 10 Global Management and the Strategic Role of Brands
by Teresa da Silva Lopes - 9 Firm-Level Social Returns to Education
by Pedro S. Martins & Jim Jin - 8 Dispersion in Wage Premiums and Firm Performance
by Pedro S. Martins
2007
- 7 Estimating Consumption Deprivation in India using Survey Data: A State-Level Rural-Urban Analysis before and during Reform Period
by T. Krishna Kumar & Sushanta Mallick & Jayarama Holla - 6 The Impact of Exporting on Firm Productivity: A Meta-Analysis
by Pedro S. Martins & Yong Yang - 5 Foreign Capital in a Growth Model
by Sushanta Mallick & Tomoe Moore - 4 Do Institutions Matter for Technological Change in Transition Economies? The Case of the Russia’s 89 regions and republics
by Brigitte Granville & Carol Scott Leonard - 3 Pass-through of Exchange Rate and Tariffs into Import Prices of India: Currency Depreciation versus Import Liberalisation
by Sushanta Mallick & Helena Marques - 2 Entrepreneurship, Brands and the Development of Global Business
by Teresa da Silva Lopes & Mark Casson - 1 The Rural Urban Wage Gap in the Industrialization of Russia, 1884-1910
by Leonid Borodkin & Brigitte Granville & Carol Scott Leonard