Publications

Back in 2014, several European countries started including the revenues from drugs and prostitution into their national accounting systems. These two sectors have several characteristics in common. First, the consumption…

WP 2016-03. The paper has now been published and can be accessed here. After the end of communism, the countries of Central and Eastern Europe shared very similar challenges. Despite…

An historic decentralization deal in England There is historically in England a North/South division. In the South, trade and financial services have made London the target of international investments and…

Central Banking Bank share prices recover after further falls early February. However, credibility of ECB increasingly questioned as it considers further expansionary policies. Fears of a renewed banking crisis, which…

Addictive Manufacturing (AM) is the name adopted in industries whose production is defined by the use of large scale 3D printing techniques. 3D printing is a technology which builds three-dimensional…

A deteriorated banking sector in a worn-out economy At the beginning of 2016, in the context of the new EU legislation on “bail in”, Italy found itself unprepared to face…

WP 2016-02. Most of the literature on rent-seeking and the size of government expenditure has focused on the mechanisms through which policy-makers gather the necessary majorities to justify and expand…

Jittery January Markets – Does the ECB have Contingency Plans? The ECB must be aware that investors’ confidence in stock markets, particularly bank shares, dropped in January. If contingency plans…

How is NHS coping with winter? Winter is historically, and not surprisingly, a very challenging time for the UK National Health System, NHS, due to lower temperatures and the spread…

WP 2016-01. The traditional literature on tax evasion frames taxpayers’ choices in terms of rather basic cost-benefit analyses involving the expected monetary return to tax evasion. Briefly put, individuals take…