In the present work we investigate how the state of credit markets non-linearly affects the impact of fiscal policies. We estimate a Threshold Vector Autoregression (TVAR) model on U.S quarterly data for the period 1984-2010. We employ the spread between BAA-rated corporate bond yield and...

This paper examines the extent to which economic output and other variables affect nonperforming loans in The Bahamas utilizing a vector error correction (vec) model. It also seeks to determine if there is a feedback response from nonperforming loans to economic growth. Data utilized in the...

Oil prices affecting production costs, inflation rates and therefore economic growth, have a direct impact on stock market returns. In the last two decades sharp increases in oil prices led way to stock market collapses which were transmitted to the global economy as downturns. This paper...

In the present work we investigate how the state of credit markets non-linearly affects the impact of fiscal policies. We estimate a Threshold Vector Autoregression (TVAR) model on U.S quarterly data for the period 1984-2010. We employ the spread between BAA-rated corporate bond yield and...

The purpose of the paper is to analyze the impact of short-term monetary shocks on output and the price level in Mexico. We follow the Structural Vector Autoregressive (SVAR) methodology of Bernanke and Mihov (1998) to identify specific monetary policy shocks consistent with the operating...

In the present work we investigate how the state of credit markets non-linearly affects the impact of fiscal policies. We estimate a Threshold Vector Autoregression (TVAR) model on U.S quarterly data for the period 1984-2010. We employ the spread between BAA-rated corporate bond yield and...

In the present work we investigate how the state of credit markets non-linearly affect the impact of fiscal policies. We estimate a Threshold Vector Autoregression (TVAR) model on U.S quarterly data for the period 1984-2010. We employ the spread between BAA-rated corporate bond yield and...