The countercyclical monetary policy is a policy that economists recommend to adopt in order to slow down the economic fluctuations. The aim of this study is to address the question that, in the presence of fiscal dominance and considering institutional quality (IQL), what the optimal monetary policy should be during the business cycles? To find the appropriate answer, first, in the framework of...

The effects of the institutional determinants on trade in agricultural and food products are analyzed using a gravity model approach. We focus on the impact of the quality of governance and the similarity of institutions in explaining variation in bilateral agricultural and food trade patterns among the OECD countries. Results confirmed the separate effects for the institutional similarity and ...

Compact city development has, over the last 20 years or so, emerged as the preferred response to the goal of sustainable development. As such, it is pertinent to examine planning practices to see whether the traditional economic bias in planning is now balanced by aims and practices in support of environmental and social sustainability. In this light the social, environmental, and economic goal...

A large body of scholarship finds a negative relationship between oil abundance and economic growth. The existing empirical evidence on the oil curse, however, does not account for variations in the ownership of oil. This article investigates whether the effect of oil abundance on growth varies with ownership structures. It also investigates whether institutional quality influences the effect o...