Purpose – The purpose of this paper is to analyze the evolution of the crisis, its causes and the corrective policy actions with the aim of drawing up from that a set of economics policy and substantive implications and conclusions. Design/methodology/approach – To throw into sharp relief...

Purpose – The purpose of this paper is to develop a financial liberalization index (FLI) and evaluate its impact on agricultural growth. Design/methodology/approach – The study uses the autoregressive distributed lag approach to determine the long run and short coefficients. Findings – The...

This paper explores the business cycle in Bulgaria and the Baltic countries: Estonia, Latvia and Lithuania during the 1993-2005 period. The paper aims at deepening the understanding of the nature of output fluctuations. The neoclassical approach will be employed, much in the spirit of the real...

The year 1991 is the year of U-turn for economic policies in India. The process of new economic reforms, started in full sway in this year, has affected significantly, more or less, every sector of the economy. The present paper tries to find out changing substitutability amidst capital and...

Departing from the recent revolutionary upsurge in the Arab world, this article focuses on the links between youth protest and the current economic crisis. Although its levels in Arab countries have in recent months reached spectacular heights, such protest has also been significant in other...

We develop an overlapping generation model to examine how the relationship between status concerns, fertility and education affect growth performances. Results are threefold. First, we show that stronger status motives heighten the desire of parents to have fewer but better educated children,...

Alan Peacock describes his entry into postwar British Economics, as an undergraduate at St. Andrews and a lecturer at London School of Economics. His personal involvement with, and development of, Public Economics is outlined.

In response to the financial crisis of 2007-2010, many central banks are getting involved in macroprudential supervision. Central bank communication will constitute a central policy tool for that purpose. The paper asks how such communication will affect financial markets, exploiting the fact...

Purpose – The purpose of this postmortem is to assess whether the design, implementation, and maintenance of financial policies during the period from 1996 through 2006 were primary causes of the financial system's demise. Design/methodology/approach – To draw conclusions about the policy...