The transferable utility hypothesis underlies important theoretical results in household economics. We provide a revealed preference framework for bringing this (theoretically appealing) hypothesis to observational data. We establish revealed preference conditions that must be satisfied for...

This paper studies the role of the Federal Reserve's policy in the recent boom and bust of the housing market, and in the ensuing recession. By estimating a structural dynamic factor model on a panel of 109 US quarterly variables from 1982 to 2010, we find that, although the Federal Reserve's...

We investigate the possible existence of asymmetries among Euro Area countries reactions to the European Central Bank monetary policy. Our analysis is based on a Structural Dynamic Factor model estimated on a large panel of Euro Area quarterly variables. Although the introduction of the euro has...

Purpose – This chapter provides a critical discussion of air to rail mode substitution. Environmental impacts, intermodal competition and integration are considered, examining advantages and disadvantages as well as opportunities and constraints.Originality – Both operation and life-cycle...

This chapter interrogates the capacity of radio stations in three countries of the African Great Lakes region (Democratic Republic of Congo, Burundi and Rwanda) to act as influential independent stakeholders in the postconflict public debate. The three countries are all former Belgian colonies...

Brussel staat voor grote uitdagingen op het vlak van mobiliteit en logistiek. Structurele files van en naar Brussel zijn een dagelijks probleem. Het groot aantal pendelaars (meer dan de helft van de verplaatsingen met de wagen in Brussel), het groot aantal studenten (meer dan 80 000) en de...