We find that between 20 and 25 percent of the negative covariance between excess returns and inflation is explained by shocks to monetary policy variables. The finding is robust to changes in the monetary policy rule that have occured during the 1966-1998 period. The result contradicts the theory that money supply shocks induce a positive correlation between inflation and returns. Our findings ...

The question of whether or not fiscal policy stimulates growth has dominated theoretical and empirical debate for a long time. One viewpoint believes that government involvement in economic activity is vital for growth, but an opposing view holds that government operations are inherently bureaucratic and inefficient and therefore stifles rather than promotes growth. In the empirical literature,...

Zoonotic diseases currently pose both major health threats and complex scientific and policy challenges, to which modelling is increasingly called to respond. In this article we argue that the challenges are best met by combining multiple models and modelling approaches that elucidate the various epidemiological, ecological and social processes at work. These models should not be understood as ...

BACKGROUND Population health is a primary goal of sustainable development. United Nations international conferences like the Beijing Platform for Action have highlighted the key role of women in ensuring sustainable development. In the context of climate change, women are affected the most while they display knowledge and skills to orient themselves toward climate adaptation activities within t...

Pursuant to the First World War, Romania’s territory increased, and thus it inherited a complex social, economic, legal environment different from that of predecessor states. The Romanian state’s response these challenges is be found in political goal building homogeneous nation-state. This agenda has had an impact on all areas law, not only legislation but also application law. use essentially...

The inequality of nutrition and obesity re-focuses concern on who in society is consuming the worst diet. Identification of individuals with the worst of dietary habits permits for targeting interventions to assuage obesity among the population segment where it is most prevalent. We argue that the use of fiscal interventions does not appropriately take into account the economic, social and heal...

BACKGROUND Few American children or adults meet national objectives for consumption of both fruits and vegetables (FV). State and local policies that support community access to FV can help support individuals and families in having easier access to FV for purchase and ultimately consumption. PURPOSE To assess U.S. adult support for state and local policies designed to increase community-leve...