BACKGROUND Health-related quality of life refers to an individual's perceived physical and mental health and goes beyond the presence or absence of illnesses to encompass a multidimensional concept of well being. Previous research on the relationships between macroeconomic conditions and health status reveal improvements in physical health during economic downturns. However, few studies have ex...

What do we mean by econometrics? Econometrics is the field of economics in which statistical methods are developed and applied to estimate economic relationships, test economic theories, and evaluate plans and policies implemented by private industry, government, and supranational organizations. Econometrics encompasses forecasting–not only the high-profile forecasts of macroeconomic and financ...

• Canada’s lengthy experience with a flexible exchange rate regime has had an important impact on the development of macroeconomic theory and policy in open economies. • This article focuses on the 1950–62 floating-rate period because the flexible exchange rate, combined with a high degree of capital mobility between Canada and the United States, provided an unprecedented experiment for macroec...

Extensive evidence confirms that creating the conditions for a deep and efficient financial system can contribute robustly to sustained economic growth and lower poverty (e.g., see Beck, Levine, and Loayza 2000, Honohan 2004a, and World Bank 2001a). Moreover, in all levels of development, continued efficient and effective provision of financial services requires that financial policies and fina...

Recent years have seen considerable progress in integrating environmental concerns into the mainstream of development policy and planning. Economic instruments designed explicitly for environmental purposes may help to achieve cost-effective solutions, and generate public revenues. Macroeconomic and sectoral policies may impact heavily upon the environment, and there is much scope for policy re...