Agglomeration and the Adjustment of the Spatial Economy
We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data on banks' internal ratings on loans to businesses over the period...
This paper provides a critical survey of the methods employed to model the effects of risk in econometric models. Most of the popular methods are shown to suffer from errors-in-variables...
This sixth title in the Geneva Reports on the World Economy series looks at international economic cooperation in the twenty-first century.
The second in CEPR's annual Monitoring European Deregulation (MED) series, this report explores the economic and regulatory aspects of a single European market for electricity and provides a basis for policy choices both at national and EU ...
Globalization is, in some respects, a centuries-old phenomenon.
Agglomeration in a Core-periphery Model with Vertically- and Horizontally-integrated Firms
Monetary Policy, Expectations and Commitment
Addressed to a wide audience of both academics and European decisionmakers in the private-sector and policy communities, at both the national and EU level, the series will play an important role in informing the policy debate and ...
This report, the fourth in the ICMB/CEPR series of Geneva Reports on the World Economy, analyses specific situations in which significant unanticipated and unintended financial risks can accumulate.
Competition for Listings
Limit Order Book as a Market for Liquidity