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Inflation premium and oil price volatility

Castillo, Paul; Montoro, Carlos; Tuesta, Vicente - London School of Economics (LSE) - 2007

This paper provides a fully micro-founded New Keynesian framework to study the interaction between oil price volatility, pricing behavior of firms and monetary policy. We show that when oil has low substitutability, firms find it optimal to charge higher relative prices as a premium in...

Persistent link: https://www.econbiz.de/10010745827

Contesting the indigenous development of “Chinese double-entry bookkeeping” and its significance in China’s economic institutions and business organization before c.1850

Hoskin, Keith; Macve, Richard - London School of Economics (LSE) - 2012

The recent rapid growth of China’s economy has reopened historical debate about the extent to which it prospered during the Míng and Qīng dynasties (1368-1911) through developing a significant market orientation on the base of its underlying agricultural bureaucratic feudalism. As a...

Persistent link: https://www.econbiz.de/10011071241

Central banks and financial crises

Buiter, Willem H. - London School of Economics (LSE) - 2008

The paper draws lessons from the experience of the past year for the conduct of central banks in the pursuit of macroeconomic and financial stability. Macroeconomic stability is defined as either price stability or as price stability and sustainable output or employment growth. Financial...

Persistent link: https://www.econbiz.de/10010745389

Uneven geographies of organizational practice: explaining the cross-national transfer and diffusion of ISO 9000

Neumayer, Eric; Perkins, Richard - London School of Economics (LSE) - 2005

There is growing recognition that organizational innovations can have a major influence on the geography of economic activity. Yet, little is known about the mechanisms and geographic preconditions underlying their diffusion, particularly at the global level. In this article, we test a series of...

Persistent link: https://www.econbiz.de/10010744952

Scylla and Charybdis: the European economy and Poland's adherence to gold, 1928-1936

Wolf, Nikolaus - London School of Economics (LSE) - 2007

This paper examines the timing of exit from the gold-exchange standard for European countries based on a panel of monthly observations 1928-1936 for two purposes: first it aims to understand the enormous variation in monetary policy choices across Europe. I show that the pattern of exit from...

Persistent link: https://www.econbiz.de/10011071270

Publicity of debate and the incentive to dissent: evidence from the US federal reserve

Meade, Ellen E.; Stasavage, David - London School of Economics (LSE) - 2004

When central banks are transparent about their decision making, there may be clear benefits in terms of credibility, policy effectiveness, and improved democratic accountability. While recent literature has focused on all of these advantages of transparency, in this paper we consider one...

Persistent link: https://www.econbiz.de/10011071288

Public opinion and the crisis: the dynamics of support for the euro

Hobolt, Sara B.; Wratil, Christopher - London School of Economics (LSE) - 2015

and the subsequent euro area crisis have amplified both the salience and the redistributive consequences of decisions …. Interestingly, our results show that support for the euro has remained high within the euro area; however, attitudes are … seen to deepen divisions within Europe, our findings suggest that it has also encouraged citizens in the euro area to form …

Persistent link: https://www.econbiz.de/10011265670

A social constructivist analysis of the 2007 banking crisis: building trust and transparency through community currencies

Breitstein, Lance; Dini, Paolo - London School of Economics (LSE) - 2011

This article examines the 2007 banking crisis from an interdisciplinary and, in particular, social constructivist perspective to identify its structural and systemic causes. After presenting and explaining a wide meta-theoretical framework that can accommodate different understandings of...

Persistent link: https://www.econbiz.de/10010884691

The variable impact of the global economic crisis in South East Europe

Bartlett, Will; Prica, Ivana - London School of Economics (LSE) - 2012

euro zone. Thus, institutional reforms and improvements in competitiveness appear to be insufficient on their own to …

Persistent link: https://www.econbiz.de/10010884718

Arguing about financial regulation: comparing national discourses on the global financial crisis

Lodge, Martin; Wegrich, Kai - London School of Economics (LSE) - 2011

As we write, the world is still in the grips of a financial crisis. Germany was one of the first countries to bail out a bank in July 2007. Then, in September 2007, the United Kingdom (UK) witnessed a run on a building society, Northern Rock, and the subsequent widespread nationalization of its...

Persistent link: https://www.econbiz.de/10010745396