Periods of economic boom with rapid credit and GDP growth can be followed by sudden busts. In the presence of financial markets imperfections, a simple modification of a neoclassical growth model can fully account for this behavior. I study a growth model for a small open economy where...

The rotational correlation function of anisotropic colloidal particles can be measured by observing the fluctuations of the depolarized intensity scattered in the forward direction. In this work we present a theoretical treatment of forward depolarized light scattering. Our calculations show the...

lowered investment costs, but has not reduced the relative cost of active (informed) investment strategies relative to passive (less informed) strategies. What are the consequences? I study an economy with linear production technologies, some more risky than others. Investors can use low quality...