We examine persistence in work hour constraints using subjective data from the British Household Panel Survey, and investigate the role of job and employer changes in alleviating these constraints. Evidence suggests that 40 per cent of employees prefer to work a different number of hours at...

Cuddington and Liang (2000)[Purchasing Power parity over two centuries? Journal of International Money and Finance, 19, 751-755] examine the long span of sterling-dollar real exchange rate data of Lothian and Taylor (1996) [Real exchange rate behavior: the recent float from the perspective of...

Using annual data spanning two centuries for dollar-sterling and franc-sterling real exchange rates, we find strong evidence of mean-reverting real exchange rate behavior. Using simple, stationary, autoregressive models estimated on prefloat data, we easily outperform nonstationary real exchange...

Job creation is perhaps the key political and economic issue of our time, yet this is one of only three papers to date to consider the nature of job creation amongst the self-employed. We develop a utility based model of self-employment which allows for the self-employed employees. The theory...

I examine the effectiveness of exchange rate intervention within the context of a Markov-switching model for the real exchange rate. The probability of switching between stable and unstable regimes depends nonlinearly upon the amount of intervention, the degree of misalignment and the duration...

Rezension: Dieses Standardlehrbuch (Vorauflage in ID-G 39/08) der beiden angloamerikanischen Wirtschaftswissenschaftler wurde von A. Wagner und M. Herrmann, beide Universität Leipzig, sorgfältig übersetzt und bearbeitet. Es ist umfassend, sehr gut verständlich und enthält neben vielen...