Now showing items 1-20 of 23

  • Caught Between Theory and Practice: Government, Market, and Regulatory Failure in Electricity Sector Reforms 

    Rabindra, Nepal; Tooraj, Jamasb (Heriot-Watt University, 2013)
    The world-wide electricity sector reforms of the early 1990s have revealed the considerable complexities of making market driven reforms in network and infrastructure industries. This paper reflects on the experiences ...
  • Central banks and house prices in the run-up to the crisis 

    Cobham, David (Heriot-Watt University, 2012)
    The financial crisis and the role played within it by fluctuations in house prices has reopened the debate about whether monetary policy should respond to asset prices. This paper investigates how the central banks of the ...
  • EMU, EU, Market Integration and Consumption Smoothing 

    Christev, Atanas; Melitz, Jacques (Heriot-Watt University, 2012)
    We take a new approach to the study of the impact of EMU on consumption smoothing. Rather than relying on inferences based on the behavior of consumption levels or growth, we focus on consumption volatility and therefore ...
  • English as a Global Language 

    Melitz, Jacques (Heriot-Watt University, 2015-01)
    How far has English already spread? How much further can we expect it to go? In response to the first question, this chapter tries to identify the areas of life where English already serves as a lingua franca in the world ...
  • Financial crisis and quantitative easing: can broad money tell us anything? 

    Cobham, David; Kang, Yue (Heriot-Watt University, 2012)
    When Bank of England (and the Federal Reserve Board) introduced their quantitative easing (QE) operations they emphasised the effects on money and credit, but much of their empirical research on the effects of QE focuses ...
  • Firm survival, uncertainty and financial frictions: Is there a financial uncertainty accelerator? 

    Byrne, Joseph P; Spaliara, Marina-Eliza; Serafeim, Tsoukas (Heriot-Watt University, 2014-12-18)
    Using a large panel of unquoted UK over the period 2000-09, we examine the impact of firm-specific uncertainty on corporate failures. In this context we also distinguish between firms which are likely to be more or less ...
  • A Framework for Analyzing Language and Welfare 

    Melitz, Jacques (Heriot-Watt University, 2012-10)
    The paper proposes a general model that will encompass trade and social benefits of a common language, a preference for a variety of languages, the fundamental role of translators, an emotional attachment to maternal ...
  • A Framework for Analyzing Language and Welfare 

    Melitz, Jacques (Heriot-Watt University, 2013)
    The paper proposes a general model that will encompass trade and social benefits of a common language, a preference for a variety of languages, the fundamental role of translators, an emo-tional attachment to maternal ...
  • From Bretton Woods to inflation targeting: financial change and monetary policy evolution in Europe 

    Cobham, David (Heriot-Watt University, 2010-10)
    Different ‘monetary architectures’ are distinguished, as a background to a discussion of the change in developed country monetary policy frameworks from fixed exchange rates under the Bretton Woods international monetary ...
  • Gender Inequality and the Sex Ratio in Three Emerging Economies 

    Bhattacharya, Prabir C (Heriot-Watt University, 2012)
    The aim of this paper is to study inequality and deprivations as reflected in the human sex ratio (commonly defined as the number of males per 100 females). The particular focus is on three emerging economies, viz., Russia, ...
  • The Impact of Population Ageing on House Prices: A Micro-simulation Approach 

    Wright, Robert; Leishman, Chris; Gibb, Kenneth; Chen, Yu (University of StrathclydeHeriot-Watt UniversityUniversity of Glasgow, 2012)
    This paper attempts to estimate the impact of population ageing on house prices. There is considerable debate about whether population ageing puts downwards or upwards pressure on house prices. The empirical approach differs ...
  • Inequalities in Child Mortality in India: A District-Level Analysis 

    Bhattacharya, Prabir C.; Chikwama, Cornilius (Heriot-Watt UniversityThe Scottish Government, 2012)
    This paper measures the degree of inequality in child mortality rates across districts in India, using data from the 1981, 1991 and 2001 Indian population censuses. The results show that child mortality is more concentrated ...
  • Joint estimates of automatic and discretionary fiscal policy for the OECD 

    Darby, Julia; Melitz, Jacques (University of StrathclydeHeriot-Watt University, 2011)
    Official calculations of automatic stabilizers are seriously flawed since they rest on the assumption that the only element of social spending that reacts automatically to the cycle is unemployment compensation. This puts ...
  • Joint estimates of automatic and discretionary fiscal policy: the OECD 1981-2003 

    Darby, Julia; Melitz, Jacques (Heriot-Watt University, 2012)
    Official calculations of automatic stabilizers are seriously flawed since they rest on the assumption that the only element of social spending that reacts automatically to the cycle is unemployment compensation. This puts ...
  • Joint estimates of automatic and discretionary fiscal policy: the OECD 1981-2003 

    Darby, Julia; Melitz, Jacques (Heriot-Watt UniversityUniversity of Strathclyde, 2012)
    Official calculations of automatic stabilizers are seriously flawed since they rest on the assumption that the only element of social spending that reacts automatically to the cycle is unemployment compensation. This puts ...
  • Monetary policy strategies, financial institutions and financial markets in the Middle East and North Africa: an overview 

    Cobham, David (Heriot-Watt University, 2010-05)
    Three polar types of monetary architecture are identified together with the institutional and market infrastructure required for each type and the kinds of monetary policy feasible in each case: a ‘basic’ architecture where ...
  • Monetary policy under the Labour government 1997- 2010: the first 13 years of the MPC 

    Cobham, David (Heriot-Watt University, 2013)
    This paper examines the performance of monetary policy under the new framework established in 1997 up to the end of the Labour government in May 2010. Performance was relatively good in the years before the crisis, but ...
  • Multiple Objectives in Monetary Policy: A de Facto Analysis for ‘Advanced’ Countries 

    Cobham, David (Heriot-Watt University, 2015-02)
    A statistical methodology is developed by which realised outcomes can be used to identify, for calendar years between 1974 and 2012, when policy makers in ‘advanced’ economies have successfully pursued single objectives ...
  • Native language, spoken language, translation and trade 

    Melitz, Jacques; Toubal, Farid (Heriot-Watt University, 2012-09)
    We construct new series for common native language and common spoken language for 195 countries, which we use together with series for common official language and linguis-tic proximity in order to draw inferences about ...
  • Native language, spoken language, translation and trade 

    Melitz, Jacques; Toubal, Farid (Heriot-Watt University, 2012)
    We construct new series for common native language and common spoken language for 195 countries, which we use together with series for common official language and linguis-tic proximity in order to draw inferences about ...

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