2012 The Econom doi: 10.1111/j.1475 This paper focuses on Federal Reserve policy in the United States after the financial crisis. Two key interventions – QE1 and QE2 – are reviewed, and a model is outlined that can be used to help understand some of the consequences of the financial crisis, and the policy responses to the crisis. Liquidity traps play an important role in the analysis, and it is...

The main greenhouse gases (GHGs) producer is represented by the fossil burning systems. The paper presents the effect on the GHGs emission combined with the economic effects of a new pumping system method of automatic mixing of hot and cold water circulated with variable speed driving pumps and adjustable vanes. Considering the potential economic and environmental effects combined with the soci...

We synthesize the financial crisis contagion literature through the gravity model from physics and test the hypothesis that the severity of contagion relates positively to trade and financial linkages but negatively to psychic distance between countries, when macroeconomic fundamentals and institutional factors are controlled. The psychic distance variable, a behavioral predictor constructed al...

Greater transparency and disclosure of bank activities will not prevent future banking crises unless appropriate monetary, fiscal, and regulatory policies are also adopted. Nonetheless, greater disclosure of banking problems can reduce the costs of banking crises, even if transparency is not a panacea for preventing banking crises. key words: Disclosure, Transparency, Banking Crisis This paper ...

Using DCC-GARCH and EGARCH model, this paper finds that since 1990, the relationship between crude oil prices and the US dollar index is time-varying, demonstrating a process of “very weak correlation—negative correlation—enhanced negative correlation—weakening negative correlation”, but the existing research does not provide enough reasonable explanation. Therefore, this paper proposed a “key ...

rising global financial crisis and the necessities of facing its negative effects and taking advantage of opportunities rendered by crisis, should be noticed by economic authorities. in order to achieve above-mentioned purpose, this essay, in addition to present roots of financial crisis in the world economy, also will consider the crisis from theoric and economic aspects. considering dimension...

In light of the recent economic crisis, a particular emphasis has been placed on the measurement of productivity and performance of agricultural sectors worldwide. This article deals with the assessment of the performance of the Czech agricultural sector using three measures: multifactor productivity, economic value added, and financial performance. The authors also compared the development of ...

The U.S. is currently engulfed in the most severe financial crisis since the Great Depression. A key structural factor behind this crisis is the large demand for riskless assets from the rest of the world. In this paper we present a model to show how such demand not only triggered a sharp rise in U.S. asset prices, but also exposed the U.S. financial sector to a downturn by concentrating risk o...