Prior to the recession of 2008/09 household saving was extremely low in the United States. In the context of the recession the saving rate has increased by about 2 percentage points to close to 4%. Such a rise is in line with the record from previous recessions. The study argues that, this time,...

We estimate the effect of demand and price uncertainty on firms’ investment decisions from a panel of manufacturing firms. Uncertainty measures are derived from firms’ subjective qualitative expectations. They are close to their theoretical counterparts, the variances of future demand and...

Starting from the assumption that firms are more likely to adjust their prices when doing so is more valuable, this paper analyzes monetary policy shocks in a DSGE model with firm-level heterogeneity. The model is calibrated to retail price microdata, and inflation responses are decomposed into...

This project aims to build upon on the findings of the Organization for Security and Cooperation in Europe (OSCE) High Commissioner on National Minorities (HCNM) Report on the Situation of Roma and Sinti in the OSCE Area (April 2000). Specifically, the inadequacy of available information...

Health policy has traditionally been an area governed principally by the law of individual member states. There is a general consensus among the member states and also the European Union (EU) institutions that this should not fundamentally change in the future. Despite a general acceptance of...