There is a general belief that policymakers take into account credit channel conditions when deciding monetary policy. However, literature lacks evidence on the specific role of credit channel in monetary policymaking. This paper estimates an extended version of the Taylor rule by incorporating...

This paper investigates the financial determinants of investment decisions made by Slovenian family farms during the transition to a market economy in the period 1994-2003. Results from standard and augmented accelerator models indicate that farms’ investment decisions were based on market...

The current research estimates the accelerator type model of fixed investment using a Russian industrial enterprise dataset . This dataset contains individual firms’ accounting data for 1996 and 1997. The sample of firms was divided into three subsamples based on the ownership structure data....

Some scaling properties for a classical particle confined to bounce between two walls, where one wall is fixed and the other one moves in time according to a random signal with a memory length are studied. We have considered two different kinds of collisions of the particle with the moving wall...