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Striking a bargain: narrative identification of wage bargaining shocks

The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
United States United Kingdom Deutsche Bundesbank International Economic International Relations Area National Bureau Of Economic Research

Levelling up productivity gaps in the UK | VOX, CEPR Policy Portal

There are significant regional disparities in productivity levels across the UK. The June 2022 CfM survey asked the members of its UK panel to evaluate the reasons for these disparities and policies that might close the gaps. A majority of the panel believe that the productivity differences are attributable to either agglomeration effects or sorting, self-reinforcing phenomena
United States United Kingdom Northern Ireland City Of James Smith Simon Wren Lewis
Source: voxeu.org

Frontiers | The Role of Payment Technology Innovation in Environmental Sustainability: Mediation Effect From Consumers' Awareness to Practice

Based on the traditional internal factor model, high environmental awareness should bring higher engagement in environmental practices. In reality, however, many studies have found no significant correlation between the two. To explain this, frontier research is focusing on what external factors influence environmental sustainability. As a typical example of such external factors, this article focuses on the innovation of Internet payment technology. Based on a survey of 623 individuals living a...
Perifereia Anatolikis Makedonias Kai Thrakis United States United Kingdom Republic Of China Taiwan General City Of

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Little evidence for 'too much finance' | VOX, CEPR Policy Portal

The current consensus in the literature that the finance-growth nexus is more complex than previously thought has led to concerns about ‘too much finance’. This column looks at the effects of 'too much finance' on growth and propensity for banking crisis and finds some evidence of a detrimental effect, but not for highly financially developed countries. Even for countries with
United States Thorsten Beck Journal Of International Economics Harvard University Harvard University Press Theory Of Economic Development
Source: voxeu.org

Effectiveness of subsidy applications for small businesses

While large businesses in Japan have seen a gradual increase in labour productivity since the global financial crisis, the productivity of SMEs remains stagnant. This column investigates the effects of the Japanese government’s Business Sustainable Subsidy programme, launched in response to this situation, on SMEs’ performance. The findings suggest that application to the
United States United Kingdom J Van Reenen David Atkinson Jf Burgess Jr Tokyo Shoko Research
Source: voxeu.org

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