(192; 271-276) hinted at the posibility of using spatial linking; i.e., of linking countries that are similar in structure … out that this criterion gives the same results as a criterion that loks at the spread betwen the Pasche and Laspeyres … modifies the previous analysis to relative disimilarity indexes. Section 7 looks at the properties of some of the relative …

. ∗ Manuel Ammann, Axel Kind, and Ralf Seiz are at the Swiss Institute of Banking and Finance, University of St. Gallen …, Christian Koziol, Lorne Switzer, Michael Steiner, and participants at the 2006 Northern Finance Association Meeting in … models, we look at some simple, model-free performance measures of CBFs and compare them to benchmarks. Table III presents …

Considering the discussion at the roundtable, the written submissions and the Secretariat’s issues paper, a number of key points … assume a “winner take all” character. High innovation markets will tend to have clear market leaders. At the same time …. Following Schumpeter’s work there has been a long and somewhat inconclusive debate on the relationship between innovation and …

. Until jobs are being created to replace those we’ve lost—until America is back at work—my Administration will not rest and … for some at the very top, but it was not working for all American families. Year after year, folks were forced to work … it. At the same time, over the past two years, we have also seen reason for hope: the resilience of the American people …

literature using micro-data to analyze firms’ behavior on export markets. Empirical studies such as Roberts and Tybout (1997 … creating frictions in international trade is insecurity of inter- national exchanges. A large body of work in the international … expropriated because of institutional failures. However these misfortunes never affect systematically all exporting firms at the …

transact in them at prices that reflect fundamental forces and that do not vary substantially over short periods when there …

electronic library at http://ssrn.com/abstract_id=526996. EUROSYSTEM INFLATION PERSISTENCE NETWORK © European Central Bank … state-dependent ones. Concerning the frequency of price adjustments, a considerable degree of stickiness emerges both at the … found for the US and the UK, where prices are mostly reviewed periodically at given intervals (time-dependent rules …

electronic library at http://ssrn.com/abstract_id=526996. EUROSYSTEM INFLATION PERSISTENCE NETWORK © European Central Bank … state-dependent ones. Concerning the frequency of price adjustments, a considerable degree of stickiness emerges both at the … found for the US and the UK, where prices are mostly reviewed periodically at given intervals (time-dependent rules …

whether exchange rates respond to the surprise component of news but also, at the same time, whether exchange rates respond … rates. This is an important result as it implies the need for reexamining past empirical work of asset price responses to … macro news whenever such work merely equate macro announcement with macro innovation without explicitly taking into account …

Morris Mendelson University of Pennsylvania Thierry Noyelle Columbia University G.W. Palmer AT&T Bell Laboratories Junius … by information vendors and by forward-looking exchanges could become the international ex- changes of the future. At … data at various stages of its processing and dissemination, who can enforce ownership rights, what consti- tutes ‘‘value …