We examine the dynamic effects of credit shocks using a large data set of U.S. economic and financial indicators in a structural factor model. The identified credit shocks, interpreted as unexpected deteriorations of credit market conditions, immediately increase credit spreads, decrease rates on Treasury securities, and cause large and persistent downturns in the activity of many economic sect...

Researchers and pundits alike view the state of the national economy as a key determinant of vote decisions and election outcomes: voters reward or punish the incumbent party as national economic conditions improve or decline. In an era of rising income inequality, however, national conditions provide relatively poor information to voters about how the incumbent is handling the economy in their...

The position of Pakistan is compared with respect to other members of the 3rd world according to social and economic indicators of development. A total of 97 countries (32 from Asia and Pacific, 41 from Africa, and 24 from Latin America) are included in the definition of the 3rd world countries. 2 separate procedures are used in the analysis. The first relates to a ranking of the countries o...

Despite politically difficult situation and the presence of armed conflict, Nepal's achievements in many socio-economic indicators, especially between 1996, the year when conflict started in the country and 2004, when the intensity of conflict was at a higher level, have been remarkable. The incidence of poverty fell from 42% to 31% mainly because of rapid increase in remittances income, increa...

BACKGROUND Increases in body mass index (BMI) and the prevalence of overweight in low- and middle income countries (LMICs) are often ascribed to changes in global trade patterns or increases in national income. These changes are likely to affect populations within LMICs differently based on their place of residence or socioeconomic status (SES). OBJECTIVE Using nationally representative surve...

OBJECTIVES To examine the association between socioeconomic status (SES) and health-related quality of life (HRQOL) in a sample of elderly Chinese people in Hong Kong. STUDY DESIGN Cross-sectional study. SETTING 18 elderly health centers in Hong Kong. PARTICIPANTS This study was based on a cohort aged 65 years or above who were enrolled in the Elderly Health Services from 1998 to 2005 in ...

BACKGROUND There has been relatively little research into health inequalities in older populations. This may be partly explained by the difficulty in identifying appropriate indicators of socio-economic status for older people. Ideally, indicators of socio-economic status to be used in studies of health inequalities in older populations should incorporate some measure of life-time socio-economi...

This paper attempts to quantify disparate growth in Hamilton's Central Area. The spatial variation over time of three economic indicators was studied to do this. These indicators were property tax assessments, and multi-family and single-family property sales. The Central Area was divided into four geographic zones so that the indicator change could be associated with different parts of the Are...

The paper provides estimates of the effect of economic inequality on middle class well being in Switzerland. Economic well being is proxied by a person’s satisfaction with his/her income. Two inequality indicators are used, one standard (the Gini coefficient of the pre-tax income distribution) and one novel (the number of luxury car registrations per 1000 population). Identification is through ...

a r t i c l e i n f o JEL classification: C33 G10 O49 Q43 Keywords: Oil prices Stock market depth Economic growth Other macroeconomic variables Panel VAR Granger causality G-20 countries This paper examines the linkages between economic growth, oil prices, depth in the stock market, and three other key macroeconomic indicators: real effective exchange rate, inflation rate, and real rate of inte...