We examine the impact of policy uncertainty surrounding U.S. gubernatorial elections on loan contracting outcomes. Loans made to firms headquartered in election states are more likely to include contingency-pricing provisions and financial covenants. The effect is pronounced for cash flow-based...

The global financial crisis of 2007-2008 had a negative impact on many countries, including Vietnam. Many policies have been applied to stabilize the macro-economic indicators. However, most of them are based on old qualitative models, which do not help policy makers understand deeply how each...

This paper attempts to analyse the dynamic effect of carbon dioxide emission on key macroeconomic variables of Australia, China and Japan for the period of 1980 to 2008. A Kaleckian-Post-Keynesian multi-sectoral open economy model, which is augmented by a demand driven labour market, a reserve...

The paper mainly focuses on the link between carbon emission and sources of economic development such as investment, saving, income distribution and labor market fluctuations. By employing the Structural vector autoregressive (SVAR) approach, the paper investigates that if there is a...

In this paper we take into account the role of the banking system, credit and stock market in stimulating aggregate demand in post Keynesian tradition. According to the results of impulse response analysis; it appears all three financial development indicators contributed as expected in...