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We specify and implement a test for the importance of network effects in determining the establishments at which people work, using recently-constructed matched employer-employee data at the establi...
It is a pleasure to participate in this conference and join in the recognition of Bill Poole. My remarks build on two of Bill Poole’s important contributions to monetary theory: his 1970 Quarterly...
Some Evidence on the Importance of Sticky Prices.
This paper analyzes how different legal and financial systems affect the composition of loan syndicates, and how the composition, in turn, affects loan pricing. In contrast with previous work on the a...
Efficient simulation of rare events involving sums of heavy-tailed random vari-ables has been an active research area in applied probability in the lastfifteen years.These rare events arise in many ap...
With the new Technical Code for Construction and Energy Certification (application of the EPBD in Spain) energy consumption and carbon dioxide emissions are now taken into consideration during buildin...
When entitlements to access water in fully allocated river and aquifers are specified in a manner that is inconsistent with the ways that water arrives, flows across and flows through land, inefficien...
Analyzing unique data from multiple large-scale randomized marketing trials of preapproved credit card solicitations by a large financial institution, we find that consumers responding to the lender's...
We examine the importance of variable output (Gross Domestic Product (GDP) growth rate) on the preferences of the policy makers. We do so by examining the effect of output regimes on the form of monet...
The paper examines the role of social capital in Czech agricultural sector. It is argued that social capital, just like economic capital, can be employed as a resource for the improvement of economic ...
This paper establishes a dynamic stochastic partial equilibrium model for explaining residential investment dynamics in the United States, focusing on the distinctive cyclical features of residential ...
The article contributes to the debate over the use of intuition in the managerial decision making. A brief overview of the debate is further elaborated with the comparison of findings brought about by...
Europe continues to play a significant role in relations with West Africa. In particular, a strong economic linkage remains between France and Africa’s Francophone countries for which France created a...
The paper describes the importance of integrated purchasing for agrarian businesses and for retail chains, i.e. on two opposite sides of the different economic and negotiating power. It points out the...
The evaluation of financial health of an enterprise becomes very important in Czech businesses. Among other factors, it is so because it is viewed as a precondition for being eligible for some of the ...

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