This paper investigates the relation between economic openness and the aggressiveness of monetary authorities to ensure price stability. In a sample of 114 countries for the period 1949-2001, we find that more open economies tend to have more aggressive monetary policies which results in less...

We study the relationship between leisure and happiness, controlling both for individual and national variables. Using international survey data from 33 countries in 2007, our results show that certain leisure activities, satisfaction from leisure, and meaning of leisure to individuals all...