Little attention has been paid in most economic studies on political business cycles to separate the effects of fiscal and monetary policy. We attempt to assess the effect of monetary policy in a panel model for 14 OECD countries. To answer the question of whether central banks actively create political business cycles we focus on the short-term interest rate as a proxy for the use of monetary ...

Today, we face extreme financial fragility and, as a result serious, risks to our economy’s prospects for a sustainable recovery from its current troubles. Congress must grapple with difficult choices about America’s banks, and it must make those choices soon. Making the right choices now will require money upfront, large amounts of taxpayer money, and thus it is necessary as well as right for ...

In the context of economic ties globalization the economic actors in the certain region play a role of the agents participating in improving performance, obtaining positive dynamics of regions development and new job formation. Innovative development will make possible to increase competitive advantage both of the regions and of the country as a whole. The Republic of Tatarstan innovative devel...

We examine and compare the role of China’s financial system in supporting the growth of firms and the economy with that in other countries, and explore directions of future development. First, we find that the current financial system is dominated by a large but inefficient banking sector. Reducing the amount of non-performing loans among the major banks to normal levels is the most important o...

This study analyzes the relationship between the social factors and the economic growth. A summary of social and economic environment is presented for Romania. As such, the paper analyzes the global evolution of social and economic environment over time and establishes a direct correlation between human development and economic welfare. An econometric model and a clustering model are tested for...

bank credits affect employment through providing investment opportunities for firms and creating jobs for applicants. this needs، of course، an efficient financial system in the country to manage properly financial resources in order that the firms can access to the relevant economic effects of employment and growth.the performance of banking is thus a major determinant of employment and busine...

the effect of business regulations on economic growth (a selection of developed and developing countries) mohammad-hossein hosseinzade bahreini assistant professor of economics,ferdowsi university of mashhad mohammad ali falahi associate professor of economics,ferdowsi university of mashhad fatemeh erfany jahanshahi m.sc. in economics abstract in this research, the relationship between business...

abstract the study examines the growth effects of foreign direct investment on environmental quality in nigeria between 1970 and 2013. variables like per capita income, environmental degradation, foreign direct investment, human capital, inflation, trade openness, interest rate, and the interaction term between foreign direct investment and carbon emission were employed in the study. a long run...