Articles in "Public Policy"
The REF: an effective tool, or does it inhibit creativity?
Author(s): Amanda Goodall
Amanda Goodall, Senior Lecturer in Management at Cass, debates the merits or otherwise of the Research Excellence Framework (REF) with her husband Andrew Oswald, professor of economics at the University of Warwick.
Knowledge acquisition in investment banking
Author(s): Chris Rowley et al.
This paper examines knowledge management practices within the investment
banking sector, using two international banking institutions as examples,
focusing on the work of key professionals - securities analysts and equity
traders.
It finds a knowledge gap which is partly historical, as the professional
licencing requirements of securities analysts has not, to date, included
specific skill development in the qualitative forms of data analysis required
for systematic human capital analysis.
Are democratic governments more efficient?
Author(s): Manthos Delis et al.
This paper explores the relationship between public sector efficiency (PSE)
and the level of democracy, both theoretically and empirically. Specifically,
it is assumed that elected officials in democracies are 'more' accountable to
voters than the respective ones in autocracies.
Do you agree that democratic governments may be seen as more economically
efficient?
Public sector efficiency: leveling the playing field between OECD countries
Author(s): Manthos Delis
It has long been recognised that the efficient function of the public sector
is a prerequisite for a country's competent economic performance.
This paper aims to identify a robust methodology for the measurement of the
relative public sector efficiency (government efficiency) of 19 OECD countries
over the period 1980-2000.
An economic evaluation of empirical exchange rate models
Author(s): Lucio Sarno
This paper provides a comprehensive evaluation of the short-horizon predictive ability of economic fundamentals and forward premia on monthly exchange rate returns in a framework that allows for volatility timing.
Caution or activism? Monetary policy strategies in an open economy
Author(s): Lucio Sarno
We examine optimal policy in a two-country model with uncertainty and learning, where monetary policy actions affect the real economy through the real exchange rate channel.
An economic evaluation of empirical exchange rate models
Author(s): Lucio Sarno
This paper provides a comprehensive evaluation of the short-horizon predictive ability of economic fundamentals and forward premiums on monthly exchange-rate returns in a framework that allows for volatility timing.
Socio-economic development and international migration: a Turkish study
Author(s): Gulnur Muradoglu
This article investigates the relationship between economic development and migration by taking into consideration the question of what degrees of economic development form thresholds for migrations. The paper focuses on recent evidence on the development and emigration relationship in Turkey which reflects a dimension of the dynamics and mechanisms facilitating or restricting migratory flows from the country.
Liquidity, bank credit and money
Author(s): Alistair Milne
One consequence of the current global financial crisis has been that central banks can no longer closely control market rates of intersts and have reverted to quantitative approaches to monetary policy. Macromonetary models lag well behind these developments and this paper provides a step towards filling this gap.
From funding gaps to thin markets: UK government support for early-stage venture capital
Author(s): Charles Baden-Fuller
Hybrid venture capital funds have a small positive impact on firm performance. This paper explores the implications of this finding for public policy in the United Kingdom.