This paper investigates the role of children in explaining the life-cycle pattern of consumption (which is hump-shaped since it is higher in the middle of life and lower at the beginning and end of life). Unlike previous studies, a true panel of U.K. households was exploited to investigate...

A number of researchers have recently argued that the growth of the shadow banking system in the years preceding the recent U.S. financial crisis was driven by rising demand for "money-like" claims — short-term, safe instruments (STSI) — from institutional investors and nonfinancial firms....

A number of researchers have recently argued that the growth of the shadow banking system in the years preceding the recent U.S. financial crisis was driven by rising demand for \"money-like\" claims--short-term, safe instruments (STSI)--from institutional investors and nonfinancial firms. These...

This paper contains three contributions which are intended to feed into the discussion in the AFCO committee about the UK government's renegotiation of its constitutional relationships with the EU. First paper by Charles Grant looks at the UK agenda in the renegotiation process and analyses its...

This paper contains three contributions which are intended to feed into the discussion in the AFCO committee about the UK government's renegotiation of its constitutional relationships with the EU. First paper by Charles Grant looks at the UK agenda in the renegotiation process and analyses its...