The authors note that economic growth has, once again, taken centrestage in macroeconomics. They discuss a two-sector model of growth extending previous results by economic theorists Baumol, Romer, Lucas, among others, by increasing the number of capital types from 1 to m, paying particular...

This article introduces a new approach for estimating Value at Risk (VaR), which is then used to show the likelihood of the impacts of the current financial crisis. A commonly used two-stage approach is taken, by combining a Generalized Autoregressive Conditional Heteroscedasticity (GARCH)...