Establishing the relationship between stock prices and macroeconomic variables is very important for formulating current economic stabilisation policies. This paper investigates the causal relationship between four macroeconomic variables and Dhaka Stock Exchange (DSE) stock prices using cointegration and Granger causality test. The results suggest that cointegration exists between stock prices...

The macroeconomic model presented in this paper describes the complex functioning of national economy and can be used to forecast the effect of various economic policies on development trends. It is an extension of [2,3] and adaptation of [4]. To determine the effect on national economy of state policies related to credits, taxes and interest rate, national economy is considered within the fram...

This paper highlights the link between deforestation and credit instability in Latin American countries which exhibit strong deforestation rates as well as macroeconomic instability that is often rooted in the alternating episodes of credit booms and crunches. Pieces of explanation establishing a causal link between credit instability and deforestation driven by agricultural expansion are put f...

This paper starts out from the optimistic assumption that the basic policies for environmental economic development are known but uncertainties surround the speed of their adoption. In many developing countries the key obstacle is poor governance: consequently, renewable resources continue to be mined, non-renewable resources are depleted irresponsibly, and reductions in pollution intensity lag...

This conference emphasizes the last of these roles, reflecting developments in economic theory and concerns over recent macroeconomic performance, notably in the United States. But in considering the design of investment policies to promote growth, and evaluating policies that have been tried in the past, it is helpful to keep investment's other "roles" in view. Policies alleged to promote grow...

This paper studies the effectiveness of different types of cohesion policies with respect to convergence of regions. A two-region agentbased macroeconomic model is used to analyze short-, mediumand long-term effects of policies improving human capital and fostering adoption of technologies in lagging regions. With fully integrated labor markets the human capital policy positively affects the ec...

This paper discusses Kenya’s macroeconomic policies during the 1980s. It specifically analyzes issues of food security as it relates to market performance and policies. This is followed by projections of the effects of various policy changes and market conditions on grain production, consumption, and imports over a five year period. It appears that structural adjustment policies have consequenc...

No ONE WOULD dream of designing the human anatomy by disconnecting the controls of the left and right sides of the body. Yet, for the most important economic controls in a modern economy, monetary and fiscal policies, economists today generally endorse the separation of powers as a way of optimizing noninflationary growth. What are the costs and benefits of coordination and independence in macr...

The literature has argued that developing countries are unable to adopt counter-cyclical monetary and fiscal policies due to financial imperfections and unfavorable politicaleconomy conditions. Using a world sample of 115 industrial and developing countries for 1984-2008, we find that the level of institutional quality plays a key role in countries' ability to implement counter-cyclical macroec...