This paper uses a data-set including time series data on macroeconomic variables, loans, deposits and interest rates for the euro area in order to study the features of financial intermediation over the business cycle. We find that stylized facts for aggregate monetary and real variables are...

Using data over the period 1966-2008, this paper investigates the environmental Kuznets curve (EKC) hypothesis for Mauritius. The conventional inverted-U EKC is not found, instead a long-run quadratic relation implying higher carbon emission as a result of economic growth since the early 1980s...

Amongst the South Pacific's least developed small island countries, Samoa has emerged as a successful economy. Its achievements of low inflation and high growth rates have been due to sustained fiscal adjustment programmes and appropriate monetary policy measures. This paper undertakes an...