National economies tend to protect individuals from external risks that depend mostly as a result of globalization of the trade. There is question that needs an answer at that point; the increase in the government expenditures is a result of the fact that increasing population or the...

This study investigates the causal dynamics between policy rate and inflation rates in BRIC-T countries by employing monthly data from the January 1993 to March 2012. The study benefits from the recent advance in the time series and carries out nonlinear cointegration, frequency domain test...