We investigate the theoretical possibility and empirical regularity of two troublesome anomalies that frequently arise when cross-price elasticities are estimated for a set of brands expected to be substitutes. These anomalies are the occurrence of: (a) negatively signed cross-elasticities; and...

Self-employed individuals have arguably greater opportunities than wage earners to underreport their incomes. The incentives for underreporting should be especially strong in an economy with generally high taxes. This paper uses recent income and expenditure data to examine the extent of...

Innerhalb des gesamten deutschen Luftverkehrsmarktes gewinnt der Low Cost Carrier Markt schnell anBedeutung. Der gemeinsam von der ADV und dem DLR herausgegebene Low Cost Monitor informiertzweimal jährlich über wesentliche Merkmale der Low Cost Carrier (LCC) und aktuelle Entwicklungen indiesem...

Innerhalb des gesamten deutschen Luftverkehrsmarktes gewinnt der Low Cost Carrier Markt schnell anBedeutung. Der gemeinsam von der ADV und dem DLR herausgegebene Low Cost Monitor informiertzweimal jährlich über wesentliche Merkmale der Low Cost Carrier (LCC) und aktuelle Entwicklungen indiesem...

Nach rund 5 Jahre Jahren des Bestehens dieses Marktes in Deutschland setzt sich sein rasanterAnstieg, wenn auch teilweise in leicht abgeschwächter Form, im Jahr 2007 fort. Der gemeinsam vonder ADV und dem DLR herausgegebene Low Cost Monitor informiert zweimal jährlich über wesentlicheMerkmale...

This paper studies changes in Canada's monetary policy transmission, associated with the important changes in financial structure experienced in the 1990's, using two methodologies. First, VAR models show a clear break in monetary transmission beginning in 1988, after changes in financial...

This paper examines the impact of stock market fluctuations on money demand in Italy taking a long-run perspective. The empirical findings suggest that stock market fluctuations contribute to explain temporary movements in the liquidity preference, rather than its secular patterns. Overall, a...

Given its small size and openness, the Icelandic economy has been subject to large shocks. Systematic coordination of monetary and fiscal policy, however, could help improve the inflation-output variability trade-off. The fiscal rule is designed to simultaneously ensure a consistently...