As economies recover from the pandemic, major central banks are beginning “lift-off.” This paper looks at issues beyond lift-off to full normalization or “cruising altitude.” Two novel models are used: 1) a yield curve model where the riskless rate is computed directly from bond yields...

Calls for an independent European security policy have increased following the withdrawal of American forces from Afghanistan and the AUKUS submarine deal, but does the EU currently have the forces it needs to deal with a short-term security emergency on its own? Given the importance of...

Temporal distance refers to the time between purchase and consumption in advanced-sales industries. We explore how the response of aggregate demand to price changes with temporal distance in a large, proprietary dataset of Florida cruise prices, bookings, and product attributes. We offer the...

"This book considers both the present state of Arctic shipping and possible future trends with reference to the various sectors of maritime transportation: cruise tourism, container traffic, and bulk shipping. Ports are analysed as tools that support the strategies of coastal states to foster...

The world's cruise corporations regularly purchase large, luxurious cruise ships. In accordance with the Cruise Line International Association, 33 new ocean cruise ships will be available on the market by 2020. These types of capital expenditures are associated with large financial outlays of up...

With cruise activities continuing to grow, the cruise world and related decision makers take initiatives aiming to handle the produced externalities. Among the key environmental issues is the handling of the various wastes produced on cruise ships. In recent times, cruise lines and ports have...