Research on the geographical distribution of international portfolios has mainly focused on data aggregated to the country level. We exploit newly-available data that disaggregates the holders and issuers of international securities along sectoral lines. We find that patterns evident in the...

In this paper, we empirically assess the importance of gravity-type variables and measures of macroeconomic and financial volatilities in explaining portfolio holdings denominated across the main global currencies: US dollar (USD), euro (EUR), Pound sterling (GBP), Japanese yen (JPY) and Swiss...

What if consumers' actions reveal concern for contributing to an externality, even without a pecuniary incentive? Within a two-level model, a policymaker prices disposal of waste, and a representative consumer chooses a consumption level for a dirty good and a division of the consequent waste...

I investigate the consequences of long-run persistence of a societies’ preference towards cultural goods. Historical cultural activity is approximated with the frequency of births of classical composers during the Renaissance and is linked with contemporary supply of cultural activities in...

The importance of cultural events for attracting tourism has been often posited in research, however rarely tested in relation to non-cultural activities. We investigate the association between participation in entertainment activities and tourism flows in Italian provinces, and find that...

The Environmental Protection Agency (EPA) and National Competitiveness Council (NCC) report that despite pressing EU policy requirements, Ireland remains heavily dependent on indigenous landfill capacity and overseas markets for its Residual Solid Waste (RMSW) reprocessing and waste to energy...