This paper builds a unifying framework that, within the theory of intertemporal consumption choices, brings together the limited participation-based explanation of the poor empirical performance of the C-CAPM and the transaction costs-based explanation of incomplete portfolios.

The period from 2003 to the summer of 2008 saw significant and sustained increases in global food prices, especially for staple goods such as maize, rice and wheat.

This paper reviews the main channels by which tax effects might have been felt and which may require forceful attention. These include in particular the large tax biases favouring debt finance and, in some countries, investment in housing.

This study looks at the effects of the minimum wage on the prices of UK goods and services by comparing prices of goods and services produced by industries in which UK minimum-wage workers make up a substantial share of total costs with prices of goods and services that make less use of minimum-wage labour. Using sectoral-level price data matched to Labour Force Survey data on the share of minimum-wage workers in each sector, it is hard to find much evidence of significant price changes in the months that correspond immediately to the uprating of the national minimum wage.