This article considers how wholesale (also often called large-value) payment systems can be organised, how they have evolved over recent decades and what are the forces currently at play in shaping settlement mechanisms.

The relative importance of different retail payment media varies across countries. There are, however, some trends in the data that are evident pan-nationally: cash seems to be playing a lesser role in payment activity; among non-cash forms of payment, there has been a substitution away from...

This article argues that long run monetary determination of both commodity and consumer prices may help explain US CPI and commodity price index data since the early 2000s.

In this paper, using the recently developed EU-KLEMS database, we estimate an empirical model of the average work week for a sample of euro area countries.

This paper examines the evolution of participation rates in the Euro area, focussing, in particular, on one of the more dynamic Euro area labour markets - that of Ireland’s.