How do shortfalls in crude oil production caused by wars and other political events in the Middle East affect oil prices, economic growth and inflation in major industrialized countries? Lutz Kilian investigates this question in CEPR Discussion Paper No. 5404 ‘The Effects of Exogenous Oil Supply Shocks on Output and Inflation: Evidence From the G7 Countries’. He notes that public discussion of this question has been shaped by the economic experience of the 1970s and early 1980s. The public’s c
Banks and insurance companies have widely recognized the need for mutual co-operation in the form of cross-sector alliances. In these articles we study the problem of finding the most suitable alliance structure between banks and insurance companies from the points of view of executive management, supervisory authorities and customers. We also study possible compromise alliance models for several decision maker groups and a group’s understanding of other groups’ decisions.
In the first
Junior Achievement-Young Enterprise (JA-YE) Europe, Europe’s largest provider of enterprise education programmes, considers that promoting entrepreneurial mindsets is one of the most important success factors for growth and jobs of the EU economy. We therefore support and welcome the communication presented by the Vice-President Gunter Verheugen and Commissioner Jan Figel on February 13: “Promoting Entrepreneurship in Schools”.
Europe needs a vibrant and adaptable private sector and one
Contingency plans for staff absence and a major IT systems failure was the focus of the latest online internet survey run by The University of Nottingham Institute for Enterprise and Innovation.
More than 85 per cent of respondents to the UK Business Barometer Survey run businesses employing 20 or less full-time employees. In a small business, the owner manager or chief executive is far more likely to be hands-on and crucial to the day-to-day running of the business than in medium
Marketta Henriksson’s dissertation examines issues related to the adoption of the euro by the new Central and Eastern European EU Member States.
The first essay studies the interaction between fiscal policy and the price level in different exchange rate regimes. The theoretical framework is based on the Fiscal Theory of the Price Level (FTPL). The results show that a credibly fixed exchange rate is inconsistent with fiscal irresponsibility, which implies that fiscal discipli
One on one relationships key to employee commitment
Companies that cut middle managers jeopardize their productivity more than save costs, a study from McMaster University suggests.
“Middle managers are the front line communicators with employees,” says Rick Hackett, Canada Research Chair in Organizational Behaviour and Human Performance at the DeGroote School of Business at McMaster University. “One-on-one social exchanges between bosses and their workers have a real i
The dissertation in the field of economic geography by Kristiina Korhonen, Lic.Sc. (Econ.), ”Foreign direct investment in a changing political environment: Finnish investment decisions in South Korea” will be publicly examined at the Helsinki School of Economics on Monday, December 19th, 2005. The public examination starts at 12:00 in the Stora Enso Hall of the Chydenia Building. The opponent is Professor Sam-Ock Park, PhD (Seoul National University), and the custos is Professor Jarmo Eronen,
New NESTA (the National Endowment for Science, Technology and the Arts) Chief Executive Jonathan Kestenbaum visits Scotland today to unveil a series of investments and initiatives designed to drive innovation in Scotland.
NESTA is announcing a range of initiatives designed to have impact at a key stage of the innovation process: through early stage business support and seed investment. These include:
· Two investments worth a total of £200,000 to young technology compan
Pekka Sääskilahti, MSc (Econ.), will defend his doctoral thesis entitled ”Essays on the Economics of Networks and Social Relations” at the Helsinki School of Economics on December 7, 2005. The public defence will start at 12 o’clock in the Stora Enso Hall of the Chydenia building (address: Runeberginkatu 22-24, Helsinki). The opponent is Professor Robin Mason, PhD, (University of Southampton) and the custos is Professor Pekka Ilmakunnas, PhD, (Helsinki School of Economics).
Modern soci
The attitude of a business owner, market demand and available skills top the list of key influence’s on a firm’s growth, an internet survey by The University of Nottingham Institute for Enterprise and Innovation has revealed.
Respondents to The UK Business Barometer were asked to rate five different potential key influences on a firm’s growth — attitude of owner; determine by market demand; available skills; access to finance; access to the latest technology — from
Harri Toivonen, M.Sc. (Econ), will defend his PhD dissertation at the Helsinki School of Economics (HSE) on Friday, December 2, 2005. The dissertation is entitled “Modeling, Valuation and Risk Management of Commodity Derivatives” and is in the field of Finance. The public defense will start at 12:00 in the auditorium of the Chydenia building (address Runeberginkatu 22-24). The opponent is Professor Petri Sahlström (Tampere University of Technology) and the custos is Professor Hannu Seristö (HS
A specially developed oil mixture reduced airborne levels of particulate matter at a concentrated animal feeding operation (CAFO) in a study conducted by researchers at the Johns Hopkins Bloomberg School of Public Health. The researchers evaluated an oil spray developed to reduce the airborne health hazards at industrial feeding facilities. Chronic respiratory illnesses are a serious concern for CAFO workers, as well as for the surrounding communities and animals themselves. The study, published in
U.S. participation in benchmark products increasing/ Optimal liquidity with one tick bid/ask spreads/ USD margin call service launched successfully Extended U.S. afternoon trading on the international derivatives exchange Eurex has seen a successful start since its introduction on November 21, the exchange announced on Tuesday. An average of approximately 59,000 contracts per day was traded during the extended trading hours in the first week. Eurex extended the trading day for its
The share of the wholesale and retail trade in the consumer price of food has increased rapidly in Finland over the past five years. At the same time, a declining share of the consumer food euro is allocated to farmers, according to marketing margin calculations from MTT Agrifood Research Finland.
Marketing margin calculations by MTT indicate the share of the retail price going to each sector along the supply chain: farmer, processing and trade (=marketing margin) as well as
euro 29 Million Invested in Leading Producer in European Commercial Sushi Market
European Capital, S.A. SICAR announced today it has invested approximately euro 29 million in the One Stop Buyout of Marco Polo Foods, the leading producer in the European commercial sushi market. European Capital’s investment takes the form of senior term debt, senior subordinated debt, redeemable bonds and common equity. Marco Polo management is investing in redeemable bonds and common equity.
Christodoulos Floudas and his students Stacy Janak and Martin Taylor have invented a mathematical formula that may transform the way that day-to-day work assignments are made across government and industry.
They didn’t set out to accomplish such a broad goal. Initially they were simply attempting to solve a seemingly obscure problem: figuring out the best way for the National Science Foundation to efficiently and fairly assign funding proposals for review to its many rev
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