This article examines the role of the consumption-wealth channel in explaining asymmetric effects of monetary policy changes. Towards this end, we draw upon available literature on the consumption function and behavioural finance to construct a framework for asymmetric effects of monetary policy...

We examine various determinants of property and violent crimes by using police force area level (PFA) data on England and Wales over the period of 1992--2008. Our list of potential determinants includes two law enforcement variables namely crime-specific detection rate and prison population, and...