Distributional analysis captures the wide range of policy outcomes and the diverse effects of policy changes across the population. Static microsimulation models are a commonly used tool for producing distributional analysis. Treasury has developed the CAPITA (Comparative Analysis of Personal...

The debate between the traditional financial theorist and the ‘new age' behavioural finance theorists is one of much contention. Many have shown that investor sentiment in many ways shows irrationality that kills much of the previous research into the equity premium and efficient market...